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Spark44 Limited

07535381

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

C/O QUANTUMA ADVISORY LIMITED 7TH FLOOR 20, LONDON, EC4A 3AG
Incorporated 18/02/2011

Compliance

Last accounts

31/03/2022

full

Next accounts due

30/06/2024

Overdue

Confirmation statement

Last: 05/02/2024

Due 19/02/2025

Overdue

Industry

73110
Advertising agencies

Officers

Mr Derek Boyd Simpson

director · Since 31/03/2022

SOLICITOR

BRITISH · UNITED KINGDOM · Age 64

Also on 113 other boards

Mr Gareth John Newton

director · Since 06/07/2022

FINANCIAL CONTROLLER

BRITISH · UNITED KINGDOM · Age 57

Also on 59 other boards

Mr Malcolm Joseph Fernandes

director · Since 30/11/2022

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 67 other boards

Persons with Significant Control

Spark44 (Jv) Ltd

75–100% shares

30, Fenchurch Street, London, EC3M 3BD

Reg: 07535151 · Companies House · Private Limited By Shares

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

HSBC BANK PLC

Created 13/06/2014Registered 14/06/2014Satisfied 02/07/2021

Insolvency History1 case

members voluntary liquidation15/08/2024

Paul Andrew Zalkin (practitioner)

CompanyRankvs 15+ SIC 73110 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 5.31× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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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.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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

Insolvency history: -10 pts

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements , the directors are responsible for assessing the Company ' s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operati

Key FinancialsYear ending 31/03/2022

Turnover

£18.8M

Annual revenue

Net Worth

£1

Balance sheet strength

Cash

£3.7M

Cash in the bank

Profit Before Tax

-£1.0M

Bottom line earnings

Net Current Assets

£5.0M

Working capital

Current Assets

£6.1M

Current Liabilities

£1.2M

Fixed Assets

£0

Debtors

£2.4M

Cost of Sales

£6.1M

Gross Profit

£12.7M

Admin Expenses

£13.3M

Operating Profit

-£1.0M

Profit After Tax

-£1.3M

166avg. employees-257

Tax at Year End

Dividends paid£3.9M

People Costs

Wages & salaries£7.8M
NI contributions£811k

Balance Sheet

Intangible assets£0
Assets less current liabilities£5.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20225.31
20201.71

Derived from filed accounts. Not audited figures.