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Reactor15 Limited

08212145

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

Details

C/O BEGBIES TRAYNOR, BATH, BA1 2AB
Incorporated 12/09/2012

Compliance

Last accounts

31/03/2022

total exemption full

Accounts

Up to date

Confirmation statement

Last: 17/08/2023

Due

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Michael Sherwood Saunders

director · Since 12/09/2012

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 4 other boards

Mr Leandro Anthony Wade

director · Since 12/09/2012

TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 3 other boards

Persons with Significant Control

Mr Michael Sherwood Saunders

25–50% shares
25–50% votes
Appoint directors

British · England · Age 50

Primrose Cottage, Cheriton Fitzpaine, Crediton, EX17 4JW

Notified 06/04/2016

Mr Leandro Anthony Wade

25–50% shares
25–50% votes
Appoint directors
Significant control

British · England · Age 50

2, Honiton Road, Exeter, EX1 3EA

Notified 06/04/2016

Insolvency History1 case

creditors voluntary liquidation02/11/2023

Paul David Wood (practitioner) · Neil Frank Vinnicombe (practitioner)

CompanyRankvs 15+ SIC 62020 peers
31

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.24× · 12/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Insolvency 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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2022

Net Worth

£59

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£32k

Working capital

Current Assets

£167k

Current Liabilities

£135k

Fixed Assets

£1k

Debtors

£133k

6avg. employees

Tax at Year End

Corp tax£40k
VAT£69k

Director Loans

Directors owe company£73k

Balance Sheet

Assets less current liabilities£33k
Signed by Mr Michael Saunders 15/08/2022Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
20221.24£1.4M
20211.55£829k

Derived from filed accounts. Not audited figures.