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Force 24 Ltd

07448931

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

INDIGO BLU OFFICE 2, LEEDS, LS10 1EL
Incorporated 24/11/2010

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 09/10/2025

Due 23/10/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Adam Oldfield

director · Since 20/01/2011

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 4 other boards

Mr Adam John Hildreth

director · Since 06/12/2024

NON-EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 5 other boards

Persons with Significant Control

British Smaller Companies Vct Plc

25–50% shares
25–50% votes

4th Floor, Bond Court, Leeds, LS1 2JZ

Reg: 03134749 · Companies House · Public Limited Company

Notified 16/10/2023

British Smaller Companies Vct2 Plc

25–50% shares

4th Floor 2, Bond Court, Leeds, LS1 2JZ

Reg: 04084003 · Companies House · Private Limited Company

Notified 16/10/2023

Former PSCs

Mr Nicholas Lloyd Washbourne

Ceased 20/11/2020

Mr Adam Oldfield

Ceased 20/11/2020

Candelene Limited

Ceased 20/11/2020

Charges1 outstanding

Charge
outstanding

CYNERGY BUSINESS FINANCE LIMITED

Created 14/05/2024Registered 14/05/2024
Charge
satisfied

NPIF TVC DEBT LP ACTING BY TVC LOANS NPIF GP LIMITED AS THE GENERAL PARTNER OF NPIF TVC DEBT L

Created 30/09/2019Registered 03/10/2019Satisfied 15/05/2024
Charge
satisfied

SANTANDER UK PLC

Created 03/02/2016Registered 05/02/2016Satisfied 15/05/2024
Charge
satisfied

SANTANDER UK PLC (AS SECURITY TRUSTEE)

Created 23/03/2015Registered 23/03/2015Satisfied 15/05/2024

CompanyRankvs 2677+ SIC 62090 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.72× · 16/20
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.

Employees15/15 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.

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

reasonably foreseeable declines in the revenue growth rate can be absorbed and liquidity preserved through a combination of measures. On this basis the Directors have concluded that the business is a going concern and that no material uncertainty exists. 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of b

Key FinancialsYear ending 31/12/2023

Net Worth

£3.8M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£2.8M

Current Liabilities

£1.6M

Fixed Assets

£2.7M

Debtors

£1.6M

Profit After Tax

-£951k

58avg. employees-12

Balance Sheet

Intangible assets£2.7M
Assets less current liabilities£3.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.72+£1.5M
20221.84+£281k
20211.99-£1.6M
20204.42

Derived from filed accounts. Not audited figures.