Firstcom Europe Limited
06838593
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/08/2009
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 4 other boards
secretary · Since 25/10/2018
director · Since 24/02/2021
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 8 other boards
Persons with Significant Control
Firstcom Europe Group Midco Ltd
2nd Floor, 1b The Parklands, Bolton, BL6 4SD
Reg: 12731102 · England · Limited Company
Notified 26/01/2018
Former PSCs
Mr Christian Carl Bleakley
Ceased 25/01/2018
Charges6 outstanding
WILMINGTON TRUST (LONDON) LIMITED (THE "SECURITY AGENT")
OAKFIELD CAPITAL III LP ACTING BY ITS GENERAL PARTNER OAKFIELD CAPITAL GENERAL PARTNER LLP AS S
WILMINGTON TRUST (LONDON) LIMITED (THE “SECURITY AGENT�)
WILMINGTON TRUST (LONDON) LIMITED (AS SECURITY AGENT)
OAKFIELD CAPITAL III LP ACTING BY ITS GENERAL PARTNER OAKFIELD CAPITAL GENERAL PARTNER LLP AS S
WILMINGTON TRUST (LONDON) LIMITED AS SECURITY AGENT
THE ROYAL BANK OF SCOTLAND PLC
BETTINA KEAN
CompanyRankvs 21250+ SIC 61900 peers52
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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
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
Key FinancialsYear ending 31/12/2024
Net Worth
£12.2M
Balance sheet strength
Cash
£679k
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
-£6.5M
Working capital
Current Assets
£3.1M
Current Liabilities
£9.5M
Fixed Assets
£18.7M
Debtors
£2.3M
Cost of Sales
£8.6M
Admin Expenses
£6.9M
Profit After Tax
£1.8M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.32 | +£1.8M |
| 2023 | 0.53 | +£269k |
| 2022 | 0.42 | +£1.6M |
| 2021 | 2.10 | +£4.2M |
| 2019 | 0.61 | — |
Derived from filed accounts. Not audited figures.