Workable Software Limited
08125469
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/07/2012
ENTREPRENEUR
GREEK · GREECE · Age 51
Also on 1 other board
director · Since 07/07/2012
ENTREPRENEUR
GREEK · GREECE · Age 48
Also on 1 other board
Persons with Significant Control
Workable Technology Limited
5, Golden Square, London, W1F 9BS
Reg: 08789789 · Companies House · Corporate
Notified 06/04/2016
Charges0 outstanding
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CompanyRankvs 10132+ SIC 62012 peers60
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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 financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/12/2020
Turnover
£16.0M
Annual revenue
Net Worth
£4.0M
Balance sheet strength
Cash
£5.0M
Cash in the bank
Profit Before Tax
-£903k
Bottom line earnings
Net Current Assets
-£39.6M
Working capital
Current Assets
£14.7M
Current Liabilities
£54.4M
Fixed Assets
£6k
Debtors
£9.6M
Cost of Sales
£3.3M
Gross Profit
£12.7M
Admin Expenses
£9.9M
Operating Profit
-£904k
Profit After Tax
£328k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2020 | 0.27 | +£44.0M |
| 2019 | 0.22 | -£2.6M |
| 2018 | 0.09 | — |
Derived from filed accounts. Not audited figures.