Back to search

Initial Systems Limited

06768206

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT 3 DRAY CORNER INDUSTRIAL CENTRE, ASHFORD, TN27 9PB
Incorporated 08/12/2008

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/12/2025

Due 22/12/2026

On track

Industry

43999
Specialised construction activities

Officers

Mr Liam Chivers

director · Since 08/12/2008

DIRECTOR

IRISH · ENGLAND · Age 56

Also on 4 other boards

Persons with Significant Control

Offaly Holdinds Limited

75–100% shares
75–100% votes

1, Brooklands, Ashford, TN27 9QS

Reg: 04482841 · England And Wales · Limited

Notified 08/12/2016

Charges0 outstanding

charge
satisfied

HSBC BANK PLC

Created 22/01/2009Registered 23/01/2009Satisfied 30/05/2024

CompanyRankvs 4163+ SIC 43999 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees26th percentile among SIC peers · 4/15
LiquidityCurrent ratio 2.54× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees4/15 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.

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

Key FinancialsYear ending 31/12/2025

Net Worth

£1.7M

Balance sheet strength

Cash

£2.1M

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£2.7M

Current Liabilities

£1.1M

Fixed Assets

£47k

Debtors

£592k

1avg. employees+1

Balance Sheet

Assets less current liabilities£1.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.54+£695k
20242.37—
20233.02—

Derived from filed accounts. Not audited figures.