Transit Networks Ltd
07795338
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 03/10/2025
Due 17/10/2026
Industry
Officers
director · Since 01/12/2024
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 55
Also on 23 other boards
Persons with Significant Control
Ekco Uk Holdings Limited
C/O Ekco Reading Limited, Merlin House, Brunel Road, Reading, RG7 4AB
Reg: 11004488 · Companies House Registrar Of England And Wales · Private Company Limited By Shares
Notified 06/12/2021
Former PSCs
Mr Thomas James Reed
Ceased 06/12/2021
Mr Anthony Nicholas Goodchild
Ceased 06/12/2021
Charges0 outstanding
ULSTER BANK IRELAND DESIGNATED ACTIVITY COMPANY
CompanyRankvs 6485+ SIC 62020 peers70
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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.
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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 31/12/2024
Turnover
£1.5M
Annual revenue
Net Worth
£346k
Balance sheet strength
Cash
£247k
Cash in the bank
Profit Before Tax
£45k
Bottom line earnings
Net Current Assets
£339k
Working capital
Current Assets
£2.0M
Current Liabilities
£1.6M
Fixed Assets
£6k
Debtors
£1.7M
Cost of Sales
£690k
Gross Profit
£788k
Admin Expenses
£772k
Profit After Tax
£45k
Tax at Year End(2023)
People Costs
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.21 | +£45k |
| 2023 | 1.35 | +£37k |
| 2022 | 1.39 | -£214k |
| 2021 | 2.18 | +£216k |
| 2020 | 2.15 | +£167k |
| 2019 | 1.24 | +£86k |
| 2018 | 0.99 | — |
Derived from filed accounts. Not audited figures.