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Absolute Edge Ltd

06059488

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

29 GILDREDGE ROAD, EASTBOURNE, BN21 4RU
Incorporated 22/01/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

James Edward Barlow

director · Since 05/11/2007

DIRECTOR

BRITISH · Age 55

Also on 1 other board

Mr Jay George Coombs

director · Since 05/11/2007

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 1 other board

Persons with Significant Control

Mr James Edward Barlow

25–50% shares
25–50% votes

British · United Kingdom · Age 55

29 Gildredge Road, Eastbourne, BN21 4RU

Notified 06/04/2016

Mr Jay George Coombs

25–50% shares
25–50% votes

British · England · Age 51

29 Gildredge Road, Eastbourne, BN21 4RU

Notified 06/04/2016

Mrs Kate Coombs

25–50% shares
25–50% votes

British · England · Age 45

29 Gildredge Road, Eastbourne, BN21 4RU

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 05/02/2020Registered 25/02/2020
Charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

Created 15/04/2015Registered 17/04/2015Satisfied 28/04/2015
Charge
satisfied

MARKETINVOICE LIMITED

Created 02/03/2015Registered 10/03/2015Satisfied 12/12/2019
charge
outstanding

HSBC BANK PLC

Created 13/06/2012Registered 15/06/2012

CompanyRankvs 32498+ SIC 62090 peers
40

Financial strength3th percentile among SIC peers · 1/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.78× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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32498Absolute Edge Ltd
46
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.

Employees13/15 pts

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

Liquidity6/20 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 31/12/2023

Net Worth

-£99k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£84k

Working capital

Current Assets

£296k

Current Liabilities

£380k

Fixed Assets

£1k

Debtors

£141k

3avg. employees

Tax at Year End

Corp tax£98k

Balance Sheet

Assets less current liabilities-£83k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.78+£137k
2021—+£20k
20200.21-£26k
20190.47-£988
20180.42—

Derived from filed accounts. Not audited figures.