Transact Technology Solutions Ltd
07135424
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 04/09/2025
Persons with Significant Control
Robert Cagnazzi
American · United States · Age 67
Levels 1,3,4 And 6, 322 High Holborn, London, WC1V 7PB
Notified 04/09/2025
Emmanuel Korakis
American · United States · Age 51
Levels 1,3,4 And 6, 322 High Holborn, London, WC1V 7PB
Notified 04/09/2025
Bríd Graham
Irish · Ireland · Age 51
Levels 1,3,4 And 6, 322 High Holborn, London, WC1V 7PB
Notified 04/09/2025
Former PSCs
Mr Gavin Kilpatrick
Ceased 02/03/2021
Mr Christopher Martin Leigh
Ceased 02/03/2021
Transact Technology Solutions Holdings Ltd
Ceased 04/09/2025
Charges0 outstanding
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
LLOYDS BANK PLC
UNION PENSION TRUSTEES LIMITED AS TRUSTEES OF TRANSACT TECHNOLOGY SOLUTIONS LIMITED SSAS · GAVIN KILPATRICK
BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)
CompanyRankvs 41326+ SIC 62090 peers32
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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
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 30/06/2025
Net Worth
-£659k
Balance sheet strength
Cash
£76k
Cash in the bank
Profit Before Tax
£222k
Bottom line earnings
Net Current Assets
-£718k
Working capital
Current Assets
£6.2M
Current Liabilities
£6.9M
Fixed Assets
£66k
Debtors
£5.6M
Admin Expenses
£7.6M
Profit After Tax
£192k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.90 | +£0 |
| 2025 | 0.90 | +£192k |
| 2023 | 0.87 | -£1.4M |
| 2021 | 1.18 | +£193k |
| 2020 | 1.28 | +£153k |
| 2019 | 1.11 | +£148k |
| 2018 | 1.55 | — |
Derived from filed accounts. Not audited figures.