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Coatsink Software Ltd

07567431

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

NORTHERN DESIGN CENTRE, GATESHEAD, NE8 3DF
Incorporated 17/03/2011

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 17/03/2026

Due 31/03/2027

On track

Industry

62011
Ready-made interactive leisure and entertainment software development

Officers

Mr Mikael Lars Hã…Kan Falkner

director · Since 30/09/2025

CFO

SWEDISH · SWEDEN

Mr Richard Snowdon

director · Since 30/09/2025

CEO

BRITISH · ENGLAND

Persons with Significant Control

Thunderful Group Ab

75–100% shares
75–100% votes
Appoint directors

Reg: 559230-0445 · Swedish Companies Registration Office · Listed Company

Notified 05/10/2020

Former PSCs

Mr Thomas Henry Beardsmore

Ceased 02/10/2020

Mr Paul Crabb

Ceased 02/10/2020

Mr Owe Jan Bergsten

Ceased 18/11/2025

Mr Wade John Rosen

Ceased 28/08/2025

CompanyRankvs 403+ SIC 62011 peers
68

Financial strength53th percentile among SIC peers · 13/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 25.26× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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403Coatsink Software Ltd
78
How is this score calculated?
Financial strength13/25 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.

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

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2025

Turnover

£9.3M

Annual revenue

Net Worth

£200

Balance sheet strength

Cash

£24.7M

Cash in the bank

Profit Before Tax

-£1.9M

Bottom line earnings

Net Current Assets

£26.2M

Working capital

Current Assets

£27.2M

Current Liabilities

£1.1M

Fixed Assets

£2.7M

Debtors

£2.5M

Cost of Sales

£5.0M

Gross Profit

£4.3M

Admin Expenses

£7.6M

Operating Profit

-£3.2M

Profit After Tax

-£2.1M

114avg. employees

People Costs

Wages & salaries£4.0M
NI contributions£545k

Balance Sheet

Intangible assets£2.6M
Assets less current liabilities£28.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
202525.26

Derived from filed accounts. Not audited figures.