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Bitformed Ltd

07415941

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

1 WESTFIELD DRIVE, DARLINGTON, DL3 9BB
Incorporated 22/10/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Jared Holdcroft

secretary · Since 22/10/2010

Also on 3 other boards

Mr Jared Holdcroft

director · Since 22/10/2010

SOFTWARE DEVELOPER

BRITISH · ENGLAND

Also on 3 other boards

Persons with Significant Control

Mrs Jill Louise Holdcroft

25–50% shares

British · England

Notified 01/10/2016

Mr Jared Holdcroft

25–50% shares

British · England

Notified 01/10/2016

CompanyRankvs 12907+ SIC 62012 peers
70

Financial strength69th percentile among SIC peers · 17/25
Employees44th percentile among SIC peers · 7/15
LiquidityCurrent ratio 1.64× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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12907Bitformed Ltd
66
How is this score calculated?
Financial strength17/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees7/15 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.

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

Key FinancialsYear ending 31/10/2025

Net Worth

£12k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£12k

Working capital

Current Assets

£30k

Current Liabilities

£18k

1avg. employees-1

Balance Sheet

Assets less current liabilities£12k
Prepared with FreeAgent

EstimatesDerived

YearCurrent RatioImplied Profit
20251.64+£9k
20241.16+£7k
20230.73—

Derived from filed accounts. Not audited figures.