Efficient Concepts Limited
08515698
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
31/05/2024
micro entity
Next accounts due
19/05/2026
Confirmation statement
Last: 06/08/2025
Due 20/08/2026
Industry
Officers
Persons with Significant Control
Mr Osman Masood
British · England · Age 47
C/O Parker Andrews Ltd, 5th Floor The Union Building 51-59, Norwich, NR1 1BY
Notified 01/06/2016
Insolvency History1 case
David F Perkins (practitioner) · Grace Jones (practitioner)
CompanyRankvs 40774+ SIC 74909 peers31
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2024
Net Worth
-£65k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£61k
Working capital
Current Assets
£29k
Current Liabilities
£90k
Fixed Assets
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.33 | -£58k |
| 2023 | 0.94 | — |
Derived from filed accounts. Not audited figures.