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Ortec Finance Limited

06410807

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

30 OLD BAILEY, LONDON, EC4M 7AU
Incorporated 29/10/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
70221
Financial management

Officers

Mr Antoon Theodoor Gerard Van Welie

director · Since 29/10/2007

CHIEF EXECUTIVE OFFICER

DUTCH · NETHERLANDS · Age 56

Mr Robert Martijn Vos

director · Since 01/04/2019

CHIEF OPERATIONAL OFFICER

DUTCH · NETHERLANDS · Age 53

Mr Hamish Adrian Bailey

director · Since 01/10/2023

SALES DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

CompanyRankvs 5202+ SIC 62020 peers
70

Financial strength91th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.09× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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5202Ortec Finance Limited
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How is this score calculated?
Financial strength23/25 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.

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

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 concern are d

Key FinancialsYear ending 31/12/2022

Turnover

£3.7M

Annual revenue

Net Worth

£161k

Balance sheet strength

Cash

£575k

Cash in the bank

Profit Before Tax

£343k

Bottom line earnings

Net Current Assets

£157k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.7M

Fixed Assets

£4k

Debtors

£1.3M

Cost of Sales

£1.4M

Gross Profit

£2.3M

Admin Expenses

£1.9M

Operating Profit

£356k

Profit After Tax

£270k

13avg. employees

Tax at Year End

Corp tax£46k

People Costs(2019)

Wages & salaries£639k
NI contributions£70k

Balance Sheet

Assets less current liabilities£161k
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20221.09+£270k
20210.90+£227k
20200.68+£107k
20190.74—

Derived from filed accounts. Not audited figures.