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Sphere Bio Limited

07167872

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

30 OLD BAILEY, LONDON, EC4M 7AU
Incorporated 24/02/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Ian James Gray

director · Since 13/02/2013

BRITISH

BRITISH · UNITED KINGDOM · Age 65

Also on 5 other boards

Mr. Michael Sahm

director · Since 15/10/2021

INVESTMENT PROFESSIONAL

AMERICAN · UNITED STATES · Age 38

Robert Faulkner

director · Since 15/10/2021

INVESTMENT PROFESSIONAL

AMERICAN · UNITED STATES · Age 63

Kenneth Walton Hitchner Iii

director · Since 18/04/2023

INVESTOR

HONG KONGER · HONG KONG · Age 66

Edward John Rayner

director · Since 30/01/2024

CONSULTANT

BRITISH · UNITED KINGDOM · Age 55

Dale Levitzke

director · Since 07/05/2024

CEO

AMERICAN · UNITED STATES · Age 55

Alexander George Dickinson

director · Since 30/08/2024

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 64

Charges0 outstanding

Charge
satisfied

CITY PARTNERSHIP TRUSTEE LIMITED (AS SECURITY TRUSTEE FOR THE "NOTEHOLDERS")

Created 30/04/2020Registered 15/05/2020Satisfied 16/06/2022
Charge
satisfied

CITY PARTNERSHIP TRUSTEE LIMITED (AS SECURITY TRUSTEE FOR THE "NOTEHOLDERS")

Created 30/04/2020Registered 13/05/2020Satisfied 16/06/2022

CompanyRankvs 15+ SIC 72190 peers
40

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 4.29× · 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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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.

Employees0/15 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

have access to adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. The financial statements have been prepared under the going concern assumption and reflect a material uncertainty related to going concern due to the operational expenditure exceeding the revenue generated within twelve months from the date of signing of

Key FinancialsYear ending 31/12/2023

Net Worth

£10.6M

Balance sheet strength

Cash

£7.6M

Cash in the bank

Net Current Assets

£9.5M

Working capital

Current Assets

£12.4M

Current Liabilities

£2.9M

Fixed Assets

£3.3M

Debtors

£3.1M

Profit After Tax

-£4.1M

64avg. employees+35

Balance Sheet

Intangible assets£23k
Assets less current liabilities£12.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20234.29-£1.5M
20226.85+£13.4M
20211.81-£1.3M
20201.94-£1.6M
20194.21—

Derived from filed accounts. Not audited figures.