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Bit Develop Ltd

08600547

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 08/07/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

53202
Unlicensed carriers

Officers

Petko Delchev

director · Since 08/07/2013

British

CompanyRankvs 47630+ SIC 53202 peers
42

Financial strength2th percentile among SIC peers · 1/25
Employees85th percentile among SIC peers · 13/15
LiquidityNo balance sheet data · 0/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£87k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£113k

Working capital

Current Assets

Current Liabilities

£113k

Fixed Assets

£35k

3avg. employees

Tax at Year End

Corp tax£13k
VAT£12k

Director Loans

Company owes directors£50k

Balance Sheet

Assets less current liabilities-£78k
Signed by Mr Petko Delchev 29/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
2025-£185k£246k
20242.34-£8k£794k
20232.45£794k

Derived from filed accounts. Not audited figures.