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Lateral Technology Limited

06843398

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

JUBILEE HOUSE, LYTHAM ST. ANNES, FY8 5FT
Incorporated 11/03/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Ian Mcmanus

director · Since 01/02/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Persons with Significant Control

Mr Ian Mcmanus

25–50% shares
25–50% votes

British · United Kingdom · Age 47

Jubilee House, East Beach, Lytham St. Annes, FY8 5FT

Notified 07/02/2018

Former PSCs

Mr Jan-Maarten Heuff

Ceased 13/05/2022

Mr Mark Philip-Sorensen

Ceased 13/05/2022

CompanyRankvs 975+ SIC 62012 peers
76

Financial strength88th percentile among SIC peers · 22/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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975Lateral Technology Limited
86
How is this score calculated?
Financial strength22/25 pts

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

Employees14/15 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.

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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/03/2025

Net Worth

£125k

Balance sheet strength

Cash

£66k

Cash in the bank

Net Current Assets

£211k

Working capital

Current Assets

£310k

Current Liabilities

£99k

Fixed Assets

£6k

Debtors

£244k

5avg. employees

Tax at Year End

Corp tax-£41
VAT£59k

Director Loans

Directors owe company£38k

Balance Sheet

Assets less current liabilities£217k
Signed by Mr Steven Jones 03/11/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20253.13-£26k£1.2M
20242.00+£557k£779k
20231.19—£821k

Derived from filed accounts. Not audited figures.