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Memrise Limited

07463911

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)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX
Incorporated 08/12/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
85590
Other education

Officers

Mr Benjamin William Whately

director · Since 08/12/2010

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 6 other boards

Persons with Significant Control

Former PSCs

Memrise Inc

Ceased 01/07/2023

Charges0 outstanding

Charge
satisfied

ROCKING HORSE SOLUTIONS UK LIMITED

Created 20/10/2023Registered 21/10/2023Satisfied 30/07/2024
Charge
satisfied

SILICON VALLEY BANK

Created 02/03/2016Registered 09/03/2016Satisfied 15/08/2019

CompanyRankvs 27981+ SIC 62012 peers
37

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.16× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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27981Memrise Limited
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.

Liquidity2/20 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

majority of the company’s cash is kept in pounds sterling creating a natural hedge. Capital risk The company’s objectives when managing capital are to safeguard the company’s ability to continue as a going concern in order to provide returns for its shareholder and benefits for other stakeholders. The focus of the company for the past years has been on the operational side of the business to get t

Key FinancialsYear ending 31/12/2019

Turnover

£8.4M

Annual revenue

Net Worth

-£9.2M

Balance sheet strength

Cash

£386k

Cash in the bank

Profit Before Tax

-£2.2M

Bottom line earnings

Net Current Assets

-£13.9M

Working capital

Current Assets

£2.7M

Current Liabilities

£16.6M

Fixed Assets

£4.7M

Debtors

£2.3M

Cost of Sales

£1.8M

Gross Profit

£6.6M

Admin Expenses

£9.7M

Operating Profit

-£2.2M

Profit After Tax

-£1.1M

87avg. employees

People Costs

Wages & salaries£3.2M
NI contributions£378k

Balance Sheet

Intangible assets£3.8M
Assets less current liabilities-£9.2M
Prepared with Caseware UK (AP4) 2019.0.227

EstimatesDerived

YearCurrent Ratio
20190.16

Derived from filed accounts. Not audited figures.