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Elateral Group Limited

07435521

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

INTERNATIONAL HOUSE, LONDON, N1 7SR
Incorporated 10/11/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Peter Henry Blackburn

director · Since 12/09/2011

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 3 other boards

John Elkins

director · Since 20/09/2011

DIRECTOR

BRITISH · UNITED STATES · Age 73

Mr Nicholas Robert Friedlos

director · Since 13/12/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 68

Mr Chin Lim

secretary · Since 17/01/2018

Also on 5 other boards

Mr Chin Lim

director · Since 24/09/2018

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 52

Also on 5 other boards

Mr Adam Lavelle

director · Since 01/10/2021

DIRECTOR

AMERICAN · UNITED STATES · Age 55

Persons with Significant Control

Lms Capital Plc

50–75% shares
50–75% votes

3, Bromley Place, London, W1T 6DB

Notified 10/11/2016

Former PSCs

Kings Arms Yard Vct Plc

Ceased 30/07/2021

Charges3 outstanding

Charge
outstanding

MR JOHN ELKINS · WESTPOOL INVESTMENT TRUST PUBLIC LIMITED COMPANY

Created 10/08/2022Registered 16/08/2022
Charge
outstanding

WESTPOOL INVESTMENT TRUST PLC · JOHN ELKINS · ADAM LAVELLE

Created 30/07/2021Registered 03/08/2021
Charge
outstanding

KINGS ARMS YARD VCT PLC

Created 19/05/2016Registered 25/05/2016

CompanyRankvs 17366+ SIC 62012 peers
44

Financial strength99th percentile among SIC peers · 25/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees3/15 pts

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

Liquidity6/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

may cause doubt on the group's ability to continue as a going concern. The Group has made a net loss in the year ending 31 March 2024 totalling £871k and has net liabilities at the year end date of £4,324k. Included within creditors are loans and accrued interest of £3

Key FinancialsYear ending 31/03/2024

Net Worth

£2.9M

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

Working capital

Current Assets

£2.0M

Current Liabilities

£3.4M

Fixed Assets

£10k

Debtors

£5.7M

Cost of Sales

£7k

Admin Expenses

£4.2M

Profit After Tax

-£871k

0avg. employees

People Costs

Wages & salaries£1.5M

Balance Sheet

Bank loans & overdrafts£32k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.58+£6.7M

Derived from filed accounts. Not audited figures.