Ovagate Limited
07449530
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/10/2011
DIRECTOR
BRITISH · ENGLAND · Age 69
Also on 2 other boards
director · Since 30/03/2021
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 1 other board
Charges0 outstanding
LLOYDS TSB BANK PLC
CompanyRankvs 8048+ SIC 70100 peers57
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2024
Net Worth
£621k
Balance sheet strength
Cash
£128
Cash in the bank
Net Current Assets
-£122k
Working capital
Current Assets
£436k
Current Liabilities
£558k
Debtors
£436k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.78 | +£200k |
| 2023 | 0.38 | -£30k |
| 2022 | 0.43 | — |
Derived from filed accounts. Not audited figures.