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Foreign Currency Innovations Limited

07274218

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

C/O BEGBIES TRAYNOR (LONDON) LLP 29TH FLOOR, LONDON, E14 5NR
Incorporated 04/06/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66190
Other activities auxiliary to financial services

Officers

Mr Stephen John Tyjas

director · Since 06/11/2014

FOREIGN EXCHANGE TRADER

BRITISH · UNITED KINGDOM · Age 57

Also on 2 other boards

Mr Digby Peter Leighton-Squires

director · Since 11/12/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 72

Mr Digby Leighton-Squires

secretary · Since 27/09/2021

Persons with Significant Control

Mr Stephen John Tyas

25–50% shares

British · England · Age 57

Level 33, One Canada Square, London, E14 5AB

Notified 30/11/2016

Mr Digby Peter Leighton-Squires

Significant control

British · England · Age 72

Level 33, One Canada Square, London, E14 5AB

Notified 27/11/2019

Former PSCs

Mr Charles Jose Wansbrough

Ceased 30/11/2020

CompanyRankvs 15+ SIC 66190 peers
36

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.69× · 16/20
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.

Liquidity16/20 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

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 going concern are d

Key FinancialsYear ending 31/12/2020

Turnover

£238k

Annual revenue

Net Worth

£3.3M

Balance sheet strength

Cash

£662k

Cash in the bank

Profit Before Tax

-£537k

Bottom line earnings

Net Current Assets

£406k

Working capital

Current Assets

£995k

Current Liabilities

£589k

Fixed Assets

£7k

Debtors

£333k

Cost of Sales

£33k

Gross Profit

£205k

Admin Expenses

£591k

Operating Profit

-£537k

Profit After Tax

-£533k

7avg. employees

People Costs

Wages & salaries£336k
NI contributions£34k

Balance Sheet

Assets less current liabilities£412k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20201.69+£655k
20191.32+£230k
20181.28—

Derived from filed accounts. Not audited figures.