Songtradr Uk Limited
08540730
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 21/05/2026
Due 04/06/2027
Industry
Officers
director · Since 02/02/2019
DIRECTOR
AMERICAN · UNITED STATES · Age 55
Also on 7 other boards
Persons with Significant Control
Former PSCs
Unilever Ventures General Partner Limited
Ceased 02/02/2019
CompanyRankvs 1871+ SIC 60200 peers39
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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
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
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We are responsible for concluding on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material unce
Key FinancialsYear ending 31/12/2024
Turnover
£14.2M
Annual revenue
Net Worth
-£1.3M
Balance sheet strength
Cash
£550k
Cash in the bank
Profit Before Tax
-£612k
Bottom line earnings
Net Current Assets
-£1.3M
Working capital
Current Assets
£6.4M
Current Liabilities
£7.7M
Fixed Assets
£1k
Debtors
£5.9M
Cost of Sales
£12.3M
Gross Profit
£1.8M
Admin Expenses
£2.4M
Operating Profit
-£624k
Profit After Tax
-£621k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.83 | -£621k |
| 2023 | 0.82 | -£832k |
| 2022 | 1.04 | -£435k |
| 2021 | 1.50 | +£153k |
| 2020 | 1.23 | +£162k |
| 2019 | 1.57 | +£45k |
| 2018 | 1.58 | — |
Derived from filed accounts. Not audited figures.