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Linn Systems Ltd

06784391

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 4 outstanding charges (-8)

Details

1 OLD MARKET AVENUE 1ST FLOOR, CHICHESTER, PO19 1SP
Incorporated 07/01/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Jonathan David Bahl

director · Since 01/08/2025

CEO

AMERICAN · UNITED STATES · Age 51

Mr Andrew Joseph O'Dekirk

director · Since 04/12/2025

AMERICAN · UNITED STATES · Age 38

Also on 1 other board

Former

Mr Philip John Munro

director · Resigned 09/10/2026

Persons with Significant Control

Scotty Ventures Limited

50–75% shares
50–75% votes
Appoint directors

Scot House, Matford Park Road, Exeter, EX2 8AW

Reg: 10636638 · Register Of Companies For England & Wales · Private Limited Company

Notified 27/09/2017

Lion Bidco Limited

25–50% shares
25–50% votes

10, Bressenden Place, London, SW1E 5DH

Reg: 13486951 · Companies House · Private Limited Company

Notified 30/07/2021

Former PSCs

Mr Fjodor Dzjuba

Ceased 30/07/2021

Charges4 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED AS PLEDGEE

Created 14/05/2026Registered 20/05/2026
Charge
outstanding

GLAS TRUST CORPORATION LIMITED AS SECURITY AGENT

Created 15/05/2024Registered 17/05/2024
Charge
outstanding

GLAS TRUST CORPORATION LIMITED AS SECURITY AGENT

Created 15/05/2024Registered 17/05/2024
Charge
outstanding

GLAS TRUST CORPORATION LIMITED AS SECURITY AGENT

Created 20/09/2021Registered 21/09/2021
Charge
satisfied

HSBC BANK PLC

Created 31/05/2017Registered 03/06/2017Satisfied 28/07/2021

CompanyRankvs 28412+ SIC 62012 peers
37

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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28412Linn Systems Ltd
47
How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2021

Net Worth

-£7.5M

Balance sheet strength

Cash

£2.8M

Cash in the bank

Net Current Assets

-£12.4M

Working capital

Current Assets

£6.1M

Current Liabilities

£18.5M

Fixed Assets

£4.9M

Debtors

£3.3M

66avg. employees

Balance Sheet

Intangible assets£24k
Assets less current liabilities-£7.5M
Prepared with Sage Accounts Production 21.0 - FRS102_2019

EstimatesDerived

YearCurrent Ratio
20210.33

Derived from filed accounts. Not audited figures.