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Direct Savings Ltd

07435718

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNION HOUSE, COVENTRY, CV1 2NT
Incorporated 10/11/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43290
Other construction installation

Officers

Mr Gerard Anthony Smith

director · Since 10/11/2010

DIRECTOR

BRITISH · SCOTLAND · Age 63

Also on 3 other boards

Persons with Significant Control

Mr Gerard Anthony Smith

50–75% shares
50–75% votes

Scottish · Scotland · Age 63

Union House, 111 New Union Street, Coventry, CV1 2NT

Notified 21/06/2016

CompanyRankvs 14757+ SIC 43290 peers
41

Financial strength0th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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14757Direct Savings Ltd
47
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.

Employees15/15 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

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

Going Concern Doubt

effect and is reflected in the financial results of the business going forward. The director of the company is of the opinion that the preparation of the financial statements of the company on a going concern basis remain appropriate given that the impact of the above can be reasonably expected to mitigate the existence of possible material uncertainty on going concern and ability to meet its

Key FinancialsYear ending 31/10/2024

Net Worth

-£395k

Balance sheet strength

Cash

£94k

Cash in the bank

Net Current Assets

-£388k

Working capital

Current Assets

£424k

Current Liabilities

£812k

Fixed Assets

£6k

Debtors

£330k

15avg. employees-2

Balance Sheet

Assets less current liabilities-£382k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.52+£386k
20230.23-£509k
20220.54-£218k
20210.85—

Derived from filed accounts. Not audited figures.