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Mindworks Ltd

05582254

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

MELTON COURT, GIBSON LANE,, HU14 3HH
Incorporated 04/10/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Charles Edwin Brown

director · Since 01/04/2009

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 72

Also on 35 other boards

Mr Stephen Bartlett

director · Since 01/07/2009

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Also on 3 other boards

Persons with Significant Control

Mr Stephen Bartlett

Significant control

British · England · Age 71

Melton Court, Gibson Lane,, HU14 3HH

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

PARTNERSHIP INVESTMENT SMALL LOANS FUND L.P.

Created 10/09/2007Registered 19/09/2007Satisfied 07/12/2020
charge
satisfied

HSBC BANK PLC

Created 26/09/2006Registered 29/09/2006Satisfied 07/12/2020

CompanyRankvs 357160+ SIC 62012 peers
47

Financial strength3th percentile among SIC peers · 1/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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35716Mindworks Ltd
47
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

-£173k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£163k

Working capital

Current Assets

£111k

Current Liabilities

£278k

6avg. employees

Balance Sheet

Assets less current liabilities-£163k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20250.40+£22k
20240.23+£1.0M
20230.01-£50k
20220.09-£18k
20210.14-£33k
20200.03-£42k
20190.08—

Derived from filed accounts. Not audited figures.