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Simplitium Ltd

06127985

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

22 BISHOPSGATE, LONDON, EC2N 4BQ
Incorporated 26/02/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Rob Newbold

director · Since 02/04/2025

DIRECTOR

AMERICAN · UNITED STATES · Age 52

Mr Thomas Wong

director · Since 02/04/2025

ASSISTANT GENERAL COUNSEL

AMERICAN · UNITED STATES · Age 48

Also on 1 other board

Persons with Significant Control

V Acquisition Limited

75–100% shares
75–100% votes
Appoint directors

Level 27, 22 Bishopsgate, London, EC2N 4BQ

Reg: 09473399 · Companies House · Private Limited Company

Notified 02/04/2025

Former PSCs

Cinnober Financial Technology Ab

Ceased 02/04/2025

CompanyRankvs 41337+ SIC 82990 peers
55

Financial strength0th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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41337Simplitium Ltd
65
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.

Employees15/15 pts

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

Liquidity20/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Page 3 SIMPLITIUM LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF

Key FinancialsYear ending 31/12/2019

Turnover

£3.3M

Annual revenue

Net Worth

-£14.7M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

-£5.8M

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£2.5M

Current Liabilities

£1.2M

Fixed Assets

£1.2M

Debtors

£1.3M

Gross Profit

£3.3M

Admin Expenses

£9.3M

Operating Profit

-£5.2M

Profit After Tax

-£5.8M

27avg. employees

People Costs

NI contributions£240k

Balance Sheet

Intangible assets£1.1M
Assets less current liabilities£2.5M
Prepared with Caseware UK (AP4) 2019.0.227

EstimatesDerived

YearCurrent Ratio
20192.13

Derived from filed accounts. Not audited figures.