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Oft 2 Limited

07261777

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

CARE OF RESTRUCTURING AND RECOVERY SERVICE (RRS) S&W PARTNERS LLP, LONDON, EC2V 7BG
Incorporated 21/05/2010

Compliance

Last accounts

31/12/2022

small

Next accounts due

31/12/2024

Overdue

Confirmation statement

Last: 21/05/2024

Due 04/06/2025

Overdue

Industry

74990
Non-trading company

Officers

Mr Simon Christopher Mason

director · Since 27/09/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 17 other boards

Persons with Significant Control

Ftgs Holdco Limited

75–100% shares

14th Floor, 33 Cavendish Square, London, W1G 0PW

Reg: 10183868 · Cardiff · Limited Company

Notified 20/11/2019

Former PSCs

Next Wave Ventures Fund 1

Ceased 03/09/2019

Next Wave Ventures Fund 1

Ceased 27/03/2019

Next Wave Partners Ib Lp

Ceased 03/09/2019

Charges2 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 14/08/2019Registered 15/08/2019
Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 30/05/2016Registered 07/06/2016

CompanyRankvs 15+ SIC 74990 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 3× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -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

Outstanding charges: -10 pts

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

Going Concern Doubt

forming our opinion which is not qualified, we have considered the adequacy of the disclosures made in note 2.4 to the financial statements concerning the Company's trading ability to continue as a going concern. During the year, the Company has not traded and its balance sheet was in a net liabilities position at the year enddate. These conditions indicate the existence of a material uncertaint

Key FinancialsYear ending 31/12/2022

Net Worth

-£2.6M

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£16k

Working capital

Current Assets

£24k

Current Liabilities

£8k

1avg. employees

Balance Sheet

Assets less current liabilities£16k
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20223.00+£0
20213.00+£157k
20200.42

Derived from filed accounts. Not audited figures.