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Iotec Ltd

07259262

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

54 THE CROSSWAYS, HOUNSLOW, TW5 0JP
Incorporated 19/05/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Dinesh Kargathra

director · Since 19/05/2010

ICT CONSULTANT

BRITISH · ENGLAND

Also on 1 other board

Persons with Significant Control

Mr Dinesh Kargathra

75–100% shares

British · England

Notified 19/05/2016

CompanyRankvs 38715+ SIC 62090 peers
40

Financial strength8th percentile among SIC peers · 2/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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38715Iotec Ltd
40
How is this score calculated?
Financial strength2/25 pts

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

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

-£24k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£28k

Working capital

Current Assets

£2k

Current Liabilities

£30k

Fixed Assets

£4k

1avg. employees

Balance Sheet

Assets less current liabilities-£24k
Signed by 1.6.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08+£0
20250.08+£203
20240.04-£3k
20230.11—

Derived from filed accounts. Not audited figures.