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Foundation Information Technology Limited

07235229

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1 TOP FARM COURT, TOP STREET, DONCASTER, DN10 6TF
Incorporated 26/04/2010

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 21/04/2026

Due 05/05/2027

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Andrew Dean Sellers

director · Since 05/08/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 7 other boards

Persons with Significant Control

Mr Andrew Dean Sellers

Significant control

British · England · Age 62

1 Top Farm Court,, Top Street, Doncaster, DN10 6TF

Notified 22/04/2016

Charges1 outstanding

Charge
outstanding

THE CO-OPERATIVE BANK P.L.C.

Created 29/07/2021Registered 30/07/2021
Charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 09/09/2016Registered 13/09/2016Satisfied 09/08/2021
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 02/08/2012Registered 11/08/2012Satisfied 02/09/2019

CompanyRankvs 404+ SIC 62020 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.14× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

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

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

£1.9M

Balance sheet strength

Cash

£68k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.0M

Current Liabilities

£244k

Fixed Assets

£199k

Debtors

£1.9M

8avg. employees

Tax at Year End

Corp tax£80k
VAT£59k

Director Loans

Directors owe company£1.2M

Balance Sheet

Intangible assets£131k
Assets less current liabilities£1.9M
Signed by Mr Andrew Sellers 13/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20248.14+£108k£1.2M
20232.80+£467k£1.0M
20221.01+£3k
20210.93+£112k
20201.06+£406k
20192.03+£163k
20181.75

Derived from filed accounts. Not audited figures.