Insync Bikes Limited
05570875
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 05/07/2021
COMPANY DIRECTOR
INDIAN · UNITED KINGDOM · Age 54
Also on 4 other boards
Persons with Significant Control
Mr Pankaj Munjal
Indian · India · Age 63
2-A,, 1001, 10th Floor, Sector-43, Phase-V, 122022
Notified 11/09/2017
Former PSCs
Mr Steven Walsh
Ceased 14/08/2017
Pankaj Munjal
Ceased 11/09/2017
Hero International Bv
Ceased 11/09/2017
Charges5 outstanding
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CompanyRankvs 4722+ SIC 47640 peers18
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 30/03/2025
Net Worth
-£1.6M
Balance sheet strength
Cash
£243k
Cash in the bank
Net Current Assets
-£1.6M
Working capital
Current Assets
£10.8M
Current Liabilities
£12.5M
Fixed Assets
£28k
Debtors
£10.4M
Cost of Sales
£7.9M
Admin Expenses
£1.5M
Profit After Tax
-£133k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.87 |
Derived from filed accounts. Not audited figures.