Initial It Solutions Limited
05681432
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 20/01/2006
BRITISH · UNITED KINGDOM · Age 73
Also on 1 other board
Persons with Significant Control
Mr Andrew Ian Price
British · United Kingdom · Age 46
Advantage House, Stowe Street, Lichfield, WS13 6AQ
Notified 06/04/2016
CompanyRankvs 18730+ SIC 62090 peers61
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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.
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
£1k
Balance sheet strength
Cash
£31k
Cash in the bank
Net Current Assets
£714
Working capital
Current Assets
£61k
Current Liabilities
£60k
Fixed Assets
£713
Debtors
£30k
Tax at Year End
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 1.01 | -£8k | £80k |
| 2024 | 1.16 | -£6k | £241k |
| 2023 | 1.38 | — | — |
Derived from filed accounts. Not audited figures.