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Drift Innovation Ltd

05785546

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • 3 outstanding charges (-6)

Details

36 SCOTTS ROAD, BROMLEY, BR1 3QD
Incorporated 19/04/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Chengqin Li

director · Since 14/08/2015

DIRECTOR

CHINESE · CHINA · Age 55

Also on 1 other board

Persons with Significant Control

Mr Chengqin Li

Significant control

Chinese · China · Age 55

Rm1709, Yangguang Yuehai Building, Nanshan District, 518063

Notified 01/01/2017

Former PSCs

Mr Robin Douglas Parker

Ceased 18/07/2017

Mr Sarabjit Singh Jhooti

Ceased 18/07/2017

Charges3 outstanding

charge
outstanding

HSBC BANK PLC

Created 05/04/2013Registered 09/04/2013
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 15/01/2013Registered 17/01/2013
charge
outstanding

HSBC BANK PLC

Created 05/12/2011Registered 07/12/2011

CompanyRankvs 67656+ SIC 82990 peers
45

Financial strength1th percentile among SIC peers · 0/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.09× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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67656Drift Innovation Ltd
55
How is this score calculated?
Financial strength0/25 pts

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

Employees13/15 pts

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

Liquidity12/20 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.

Risk deductions

Outstanding charges: -10 pts

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

-£1.1M

Balance sheet strength

Cash

£793

Cash in the bank

Net Current Assets

£203k

Working capital

Current Assets

£2.5M

Current Liabilities

£2.3M

Fixed Assets

£65k

Debtors

£2.1M

3avg. employees

Tax at Year End

VAT£33k

Director Loans(2023)

Directors owe company£3k

Balance Sheet

Intangible assets£65k
Assets less current liabilities£268k
Signed by Mr Chengqin Li 31/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.09+£0£656k
20251.09-£15k£656k
20241.10+£24k£717k
20231.10+£183k£789k
20221.00+£671k£564k
20210.66—£222k

Derived from filed accounts. Not audited figures.