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Elucidat Ltd

08526821

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

5TH FLOOR, R+ BUILDING, 2, READING, RG1 1AZ
Incorporated 13/05/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Adam James Wilkes

secretary · Since 17/10/2025

Also on 7 other boards

Mr Adam James Wilkes

director · Since 18/03/2026

BRITISH · ENGLAND · Age 43

Also on 7 other boards

Persons with Significant Control

Learning Pool Limited

75–100% shares
75–100% votes

100 Old City Factory, Patrick Street, Londonderry, BT48 7EL

Reg: Ni060102 · Companies House Registrar · Private Limited Company,

Notified 17/10/2025

Former PSCs

Mr Ian Michael Budden

Ceased 26/08/2024

Mr Simon Greany

Ceased 23/04/2018

Mr Stephen David Penfold

Ceased 17/10/2025

Yfm Private Equity Limited

Ceased 04/05/2023

British Smaller Companies Vct Plc

Ceased 17/10/2025

Charges1 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES

Created 28/01/2026Registered 28/01/2026
Charge
satisfied

SILICON VALLEY BANK

Created 06/04/2020Registered 06/04/2020Satisfied 27/04/2023

CompanyRankvs 660+ SIC 62012 peers
78

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.96× · 20/20
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 strength25/25 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.

Liquidity20/20 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 31/05/2019

Net Worth

£3.5M

Balance sheet strength

Cash

£3.7M

Cash in the bank

Net Current Assets

£2.8M

Working capital

Current Assets

£4.2M

Current Liabilities

£1.4M

Fixed Assets

£718k

Debtors

£509k

33avg. employees

Tax at Year End

VAT£15k

Director Loans

Company owes directors£21k

Balance Sheet

Intangible assets£711k
Assets less current liabilities£3.5M
Signed by Mr Stephen Penfold 20/02/2020Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
20192.96£303k

Derived from filed accounts. Not audited figures.