Physiolab Technologies Limited
06430772
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 30/09/2025
Due 14/10/2026
Industry
Officers
director · Since 01/01/2019
ELECTRONIC ENGINEER
BRITISH · ENGLAND · Age 41
director · Since 07/09/2023
CHIEF COMMERCIAL OFFICER
BRITISH · ENGLAND · Age 55
Also on 1 other board
secretary · Since 16/05/2024
Persons with Significant Control
Former PSCs
Mr Nicholas James Rose
Ceased 19/11/2016
Charges1 outstanding
INNOVATE UK LOANS LIMITED
ARKLE FINANCE LIMITED
CompanyRankvs 289+ SIC 32500 peers56
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
0 and entered into a loan with Innovate UK for £507,728. Given the future funding requirements there is a material uncertainty that may cast significant doubt on the entity's ability to continue as a going concern. The directors believe that there is a significant opportunity for the Company's products and services in the orthopaedic surgery market and the Company is making significant progress in
Key FinancialsYear ending 31/12/2024
Net Worth
£168k
Balance sheet strength
Cash
£357k
Cash in the bank
Net Current Assets
£144k
Working capital
Current Assets
£782k
Current Liabilities
£637k
Fixed Assets
£181k
Debtors
£232k
Profit After Tax
-£684k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.23 | -£255k |
| 2023 | 3.95 | +£23k |
| 2022 | 3.35 | +£42k |
| 2021 | 1.85 | +£238k |
| 2020 | 2.12 | +£512k |
| 2019 | 0.97 | — |
Derived from filed accounts. Not audited figures.