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Passle Limited

08044570

active
ltd
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF
Incorporated 25/04/2012

Previously known as

Passel Limited · until 19/09/2012

Compliance

Last accounts

31/12/2025

total exemption full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 23/04/2026

Due 07/05/2027

On track

Industry

62012
Business and domestic software development

Officers

Mr Adam Louis Laurence Elgar

director · Since 25/04/2012

EXECUTIVE

BRITISH · ENGLAND

Mr Tom Elgar

director · Since 25/04/2012

SOFTWARE ARCHITECT

BRITISH · ENGLAND

Adam Louis Laurence Elgar

director · Since 25/04/2012

British · England

Tom Elgar

director · Since 25/04/2012

British · England

Persons with Significant Control

Mr Adam Louis Laurence Elgar

50–75% shares
50–75% votes

British · England

Notified 06/04/2016

Mr Tom Elgar

25–50% shares
25–50% votes

British · England

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 25/07/2023Registered 27/07/2023
Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 28/02/2020Registered 05/03/2020
charge
satisfied

FIXCOVE LIMITED

Created 21/05/2012Registered 24/05/2012Satisfied 30/08/2024

Change History

status → active
2026-08-21

Active

type → ltd
2026-08-21

Private Limited Company

address line1 → The Scalpel, 18th Floor
2026-08-21

1A WALTON CRESCENT

post town → London
2026-08-21

OXFORD

postcode → EC3M 7AF
2026-08-21

OX1 2JG

officer appointed → ELGAR, Adam Louis Laurence
2026-08-21
officer appointed → ELGAR, Tom
2026-08-21

CompanyRankvs 31428+ SIC 62012 peers
35

Financial strength0th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

Employees15/15 pts

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

Liquidity0/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2025

Net Worth

-£8.0M

Balance sheet strength

Cash

£283k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£2.9M

Fixed Assets

£21k

Debtors

£709k

30avg. employees+1

Director Loans

Company owes directors£132k

Balance Sheet

Intangible assets£2.0M
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2025—-£586k
2024—-£662k
20230.76—

Derived from filed accounts. Not audited figures.