Simeio Solutions Limited
07381686
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 01/10/2016
Persons with Significant Control
Former PSCs
Mr. Hemen Vimadalal
Ceased 31/05/2022
Mr Abhimanyu Yadav
Ceased 21/09/2018
Ms Elizabeth Shannon
Ceased 31/05/2022
CompanyRankvs 46927+ SIC 62020 peers46
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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.
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
However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. Due to the company’s current and prior period trading losses and negative reserves after the year end, it continues to be reliant on its parent company for funding. The directors have assessed the f
Key FinancialsYear ending 31/12/2024
Net Worth
-£614k
Balance sheet strength
Cash
£279k
Cash in the bank
Net Current Assets
£313k
Working capital
Current Assets
£1.7M
Current Liabilities
£1.4M
Debtors
£1.4M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 1.23 | -£447k | £193k |
| 2022 | 29.42 | -£194k | £231k |
| 2021 | 8.98 | -£135k | £225k |
| 2020 | 9.86 | +£116k | — |
| 2019 | 1.23 | -£194k | — |
| 2018 | 1.79 | — | — |
Derived from filed accounts. Not audited figures.