Phinsys Limited
07436301
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/11/2010
COMPANY DIRECTOR
BRITISH · UNITED STATES · Age 51
Also on 5 other boards
director · Since 01/07/2014
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
director · Since 01/05/2023
CHIEF FINANCIAL OFFICER
BRITISH · UNITED STATES · Age 45
Also on 3 other boards
Persons with Significant Control
Mr Richard John Merchant Tyler
British · United States · Age 51
Tower 42, 25 Old Broad Street, London, EC2N 1HQ
Notified 06/04/2016
Phinsys Group Holdings Limited
Tower 42, 25 Old Broad Street, London, EC2N 1HQ
Reg: 11861854 · Companies House · Private Limited Company
Notified 28/06/2019
Former PSCs
Cdp It Limited
Ceased 28/06/2019
Charges0 outstanding
COUTTS & COMPANY
HSBC UK BANK PLC
CompanyRankvs 2100+ SIC 62012 peers72
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
on this assessment and having regard to the resources available to the Company, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing these accounts. Page 3 PHINSYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2. Accounting policies (continued) 2.3 Foreign currency translation Fun
Key FinancialsYear ending 31/12/2023
Net Worth
£1.9M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Net Current Assets
£955k
Working capital
Current Assets
£5.2M
Current Liabilities
£4.3M
Fixed Assets
£1.8M
Debtors
£3.5M
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.22 | +£1.4M |
| 2022 | 1.11 | +£758k |
| 2021 | 0.89 | +£528k |
| 2020 | 0.63 | +£61k |
| 2019 | 0.57 | -£746k |
| 2018 | 0.92 | — |
Derived from filed accounts. Not audited figures.