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Londonist Dmc Ltd

08392889

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

5 GREAT JAMES STREET, LONDON, WC1N 3DB
Incorporated 07/02/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55900
Other accommodation
62012
Business and domestic software development

Officers

Mr Asim Erturk

director · Since 07/02/2013

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Persons with Significant Control

Mr Asim Erturk

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

British · United Kingdom · Age 44

5, Great James Street, London, WC1N 3DB

Notified 31/12/2016

Former PSCs

Mr Omer Faruk Yilmaz

Ceased 23/03/2017

CompanyRankvs 5348+ SIC 55900 peers
39

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.71× · 6/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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5348Londonist Dmc Ltd
45
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.

Liquidity6/20 pts

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

Longevity13/15 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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/08/2024

Turnover

£37.6M

Annual revenue

Net Worth

-£8.3M

Balance sheet strength

Cash

£397k

Cash in the bank

Profit Before Tax

-£1.9M

Bottom line earnings

Net Current Assets

-£8.5M

Working capital

Current Assets

£21.0M

Current Liabilities

£29.5M

Fixed Assets

£506k

Debtors

£20.6M

Cost of Sales

£34.6M

Gross Profit

£2.9M

Admin Expenses

£5.3M

Profit After Tax

-£1.9M

31avg. employees+6

Tax at Year End(2023)

Corp tax£46k

People Costs

Wages & salaries£1.5M
NI contributions£131k

Balance Sheet

Intangible assets£220k
Assets less current liabilities-£8.0M
Signed by Class 1Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.71-£2.6M
20235.76+£1.2M
20223.85-£985k
20210.56-£4.6M
20200.70-£1.6M
20191.14+£20k
20193.47—

Derived from filed accounts. Not audited figures.