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Fac365 Ltd

07103141

active
Private Limited Company
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

353 HALLIWELL ROAD, BOLTON, BL1 8DF
Incorporated 12/12/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Michael Hayes

director · Since 12/12/2009

AUDIO ENGINEER

BRITISH · UNITED KINGDOM · Age 67

Also on 3 other boards

Mr Nathan Anthony Wressell

director · Since 02/03/2022

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 4 other boards

Persons with Significant Control

Mr Michael Hayes

25–50% shares

British · United Kingdom · Age 67

353, Halliwell Road, Bolton, BL1 8DF

Notified 12/12/2016

Former PSCs

Mr Christopher Robert Hill

Ceased 22/10/2018

Mr Michael Roy Spratt

Ceased 22/10/2018

Charges4 outstanding

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outstanding

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CompanyRankvs 1596+ SIC 59200 peers
66

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.57× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1596Fac365 Ltd
72
How is this score calculated?
Financial strength25/25 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.

Liquidity6/20 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 31/12/2024

Net Worth

£845k

Balance sheet strength

Cash

£42k

Cash in the bank

Net Current Assets

-£123k

Working capital

Current Assets

£164k

Current Liabilities

£287k

Fixed Assets

£1.4M

Debtors

£106k

7avg. employees

Tax at Year End

VAT£28k

Director Loans

Company owes directors£79k
Directors owe company£5k

Balance Sheet

Assets less current liabilities£1.3M
Signed by Mr Michael Hayes 15/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.57-£68k£558k
20231.11-£142k£432k
20221.90-£175k£732k
20211.71+£335k£2.2M
20201.89+£218k£2.1M
20191.18-£34k£911k
20181.46—£1.5M

Derived from filed accounts. Not audited figures.