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Xi Systems Ltd.

07423264

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

FIRST FLOOR UNIT 8 WESSEX PARK, SOMERTON BUSINESS PARK, SOMERTON, TA11 6SB
Incorporated 29/10/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62090
Other information technology service activities

Officers

Mr Simon Norman Thomas Ballantyne

director · Since 29/10/2010

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 1 other board

Mrs Jemma Ballantyne

director · Since 14/03/2011

DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Mr Simon Norman Thomas Ballantyne

25–50% shares
25–50% votes
Appoint directors

English · England · Age 43

First Floor Unit 8, Wessex Park, Somerton Business Park, Somerton, TA11 6SB

Notified 06/04/2016

Former PSCs

Mrs Jemma Ballantyne

Ceased 01/03/2023

Mr Simon Ballantyne

Ceased 01/03/2023

CompanyRankvs 1160+ SIC 62012 peers
85

Financial strength89th percentile among SIC peers · 22/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 4.28× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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1160Xi Systems Ltd.
85
How is this score calculated?
Financial strength22/25 pts

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

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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 31/10/2024

Net Worth

£135k

Balance sheet strength

Cash

£130k

Cash in the bank

Net Current Assets

£127k

Working capital

Current Assets

£166k

Current Liabilities

£39k

Fixed Assets

£29k

Debtors

£25k

4avg. employees+1

Balance Sheet

Assets less current liabilities£156k

EstimatesDerived

YearCurrent RatioImplied Profit
20244.28-£2k
20233.26+£32k
20224.21+£56k
20213.84—

Derived from filed accounts. Not audited figures.