Twg Systems Limited
07366197
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/09/2010
IT CONSULTANT
BRITISH · ENGLAND · Age 45
Also on 1 other board
Persons with Significant Control
Mr Andrew Twigg
British · England · Age 45
Avon View House, Station Road, Pershore, WR10 2QW
Notified 06/09/2016
Turboticket Gmbh
Registr. Number Hrb 149051, Fuhlsbüttler Str. 399, Hamburg
Reg: Hrb 149051 · Germany · Gmbh - Limited Liability Company
Notified 06/11/2023
Former PSCs
Ten Oceans Ltd
Ceased 31/12/2022
Prio Ventures B.V. - Kvk 69002975
Ceased 30/06/2023
CompanyRankvs 28863+ SIC 62012 peers50
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/09/2024
Net Worth
-£74k
Balance sheet strength
Cash
£22k
Cash in the bank
Net Current Assets
-£12k
Working capital
Current Assets
£109k
Current Liabilities
£121k
Fixed Assets
£669
Debtors
£87k
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.90 | -£48k | — |
| 2023 | 0.95 | -£43k | — |
| 2022 | 1.72 | -£36k | £105k |
| 2021 | 2.53 | +£32k | £163k |
| 2020 | 2.04 | +£33k | £523k |
| 2019 | 1.84 | +£7k | — |
| 2018 | 2.09 | — | — |
Derived from filed accounts. Not audited figures.