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Bright Network (Uk) Limited

06386360

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

MYO, LONDON, N1 9AB
Incorporated 01/10/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
78109
Other activities of employment placement agencies

Officers

James Stewart Uffindell

director · Since 01/10/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Melanie Goward

director · Since 17/07/2018

DIRECTOR

BRITISH · WALES · Age 49

Kirsten Jane Clare Barnes

director · Since 12/08/2025

CEO

BRITISH · UNITED KINGDOM · Age 47

Persons with Significant Control

James Stewart Uffindell

25–50% shares
25–50% votes

British · United Kingdom · Age 47

Myo, 50 York Way, London, N1 9AB

Notified 06/04/2016

Maven Capital Partners Uk Llp

Significant control

Fift Floor, 1-2, Royal Exchange Buildings, London, EC3V 3LF

Reg: Oc339387 · England And Wales · Limited Liability Partnership

Notified 17/07/2018

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 18/01/2016Registered 20/01/2016Satisfied 26/04/2023
Charge
satisfied

NEW ENTREPRENEURS FOUNDATION

Created 01/07/2013Registered 02/07/2013Satisfied 23/12/2015
charge
satisfied

AIR CAPITAL HOLDINGS LIMITED

Created 20/03/2008Registered 09/04/2008Satisfied 16/01/2010

CompanyRankvs 2048+ SIC 62012 peers
76

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.79× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity16/20 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

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 directors with respect to going co

Key FinancialsYear ending 31/03/2023

Turnover

£11.6M

Annual revenue

Net Worth

£4.1M

Balance sheet strength

Cash

£2.5M

Cash in the bank

Profit Before Tax

-£597k

Bottom line earnings

Net Current Assets

£2.1M

Working capital

Current Assets

£4.8M

Current Liabilities

£2.7M

Fixed Assets

£2.7M

Debtors

£2.3M

Cost of Sales

£4.4M

Gross Profit

£7.2M

Admin Expenses

£7.8M

Operating Profit

-£600k

Profit After Tax

-£551k

149avg. employees+69

Balance Sheet

Intangible assets£2.6M
Assets less current liabilities£4.8M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20231.79-£469k
20222.75-£75k
20214.47-£217k
20206.67

Derived from filed accounts. Not audited figures.