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Devtech Limited

08409744

active
Private Limited Company
england wales
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

TOWER 42, LONDON, EC2N 1HN
Incorporated 19/02/2013

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 02/11/2025

Due 16/11/2026

On track

Industry

62090
Other information technology service activities

Officers

Mr Milovan Milic

director · Since 19/02/2013

IT PROFESSIONAL

SERBIAN · UNITED ARAB EMIRATES · Age 39

Mbm Secretarial Services Limited

secretary · Since 24/08/2020

OTHER

Also on 510 other boards

Persons with Significant Control

Mr Milovan Milic

75–100% shares
75–100% votes

Serbian · United Arab Emirates · Age 39

Bulevar Mihajla Pupina 12, 21000 Novi Sad

Notified 06/04/2016

Charges3 outstanding

Charge
satisfied

HSBC INNOVATION BANKING

Created 09/12/2024Registered 10/12/2024Satisfied 07/01/2025
Charge
satisfied

HSBC INNOVATION BANKING

Created 09/12/2024Registered 10/12/2024Satisfied 07/01/2025
Charge
outstanding

GL 2024 LIMITED

Created 26/11/2024Registered 28/11/2024
Charge
outstanding

GL 2024 LIMITED

Created 04/10/2024Registered 08/10/2024
Charge
outstanding

GL 2024 LIMITED

Created 04/10/2024Registered 07/10/2024
Charge
satisfied

CLARET EUROPEAN SPECIALTY LENDING COMPANY III, SARL

Created 02/06/2022Registered 07/06/2022Satisfied 07/10/2024

CompanyRankvs 36560+ SIC 62090 peers
36

Financial strength2th percentile among SIC peers · 1/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.69× · 6/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2022

Net Worth

-£249k

Balance sheet strength

Cash

£253k

Cash in the bank

Net Current Assets

-£711k

Working capital

Current Assets

£1.6M

Current Liabilities

£2.3M

Fixed Assets

£1.4M

Debtors

£1.3M

2avg. employees+1

Balance Sheet

Assets less current liabilities£664k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20220.69-£42k
20210.30+£208k
20200.27-£78k
20190.31-£348k
20180.18

Derived from filed accounts. Not audited figures.