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Itero Development Limited

07406161

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT F, IVER, SL0 9HW
Incorporated 13/10/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71121
Engineering design activities for industrial process and production

Officers

Mr John Martin Rushton-Turner

director · Since 18/07/2013

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 5 other boards

Mr Simon Richard Hansford

director · Since 31/10/2019

BUSINESS MANAGEMENT

BRITISH · SWITZERLAND · Age 52

Also on 3 other boards

Persons with Significant Control

John Martin Rushton-Turner

25–50% shares

British · England · Age 61

Unit F, 33 The Ridgeway, Iver, SL0 9HW

Notified 06/03/2026

Simon Richard Hansford

25–50% shares

British · Switzerland · Age 52

Unit F, 33 The Ridgeway, Iver, SL0 9HW

Notified 06/03/2026

Former PSCs

Mr John Martin Rushton-Turner

Ceased 31/03/2021

Mr Simon Richard Hansford

Ceased 31/03/2021

Itero Technologies Limited

Ceased 06/03/2026

Charges1 outstanding

Charge
outstanding

HSBC INNOVATION BANKING

Created 29/07/2025Registered 31/07/2025
Charge
satisfied

VOH LIMITED

Created 09/12/2015Registered 22/12/2015Satisfied 02/08/2024
charge
satisfied

FAIRFORD CAPITAL LIMITED

Created 25/07/2012Registered 26/07/2012Satisfied 15/07/2022

CompanyRankvs 6632+ SIC 71121 peers
24

Financial strength0th percentile among SIC peers · 0/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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6632Itero Development Limited
34
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.

Employees2/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£7.7M

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£472k

Working capital

Current Assets

£461k

Current Liabilities

£933k

Fixed Assets

£173k

Debtors

£450k

0avg. employees-14

Balance Sheet

Assets less current liabilities-£299k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.49-£1.7M
20245.81—

Derived from filed accounts. Not audited figures.