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Avance Consulting (Europe) Limited

06351885

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

1 -2 PARIS GARDEN, LONDON, SE1 8ND
Incorporated 23/08/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Pravin Dudhe

director · Since 23/08/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Persons with Significant Control

Former PSCs

Mr Pravin Dudhe

Ceased 12/08/2019

Wisestep Holdings

Ceased 03/02/2023

Charges1 outstanding

Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 15/11/2020Registered 16/11/2020

CompanyRankvs 8608+ SIC 62090 peers
53

Financial strength36th percentile among SIC peers · 9/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.98× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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8608Avance Consulting (Europe) Limited
73
How is this score calculated?
Financial strength9/25 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.

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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con

Key FinancialsYear ending 31/03/2025

Turnover

£23.9M

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£1.9M

Cash in the bank

Profit Before Tax

£37k

Bottom line earnings

Net Current Assets

£4.4M

Working capital

Current Assets

£6.6M

Current Liabilities

£2.2M

Fixed Assets

£119k

Debtors

£4.5M

Cost of Sales

£23.6M

Gross Profit

£330k

Admin Expenses

£1.1M

Operating Profit

-£6k

Profit After Tax

£37k

7avg. employees+7

Tax at Year End

Corp tax£98

People Costs

Wages & salaries£722k
NI contributions£92k

Balance Sheet

Intangible assets£16k
Assets less current liabilities£4.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.98—
20233.55+£825k
20221.43+£1.3M
20211.30—
20201.28—
20191.11—

Derived from filed accounts. Not audited figures.