Truestart Limited
08610030
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 15/07/2025
Due 29/07/2026
Industry
Officers
director · Since 15/07/2013
CHARTERED ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 47
Also on 23 other boards
director · Since 13/12/2013
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 1 other board
director · Since 13/12/2013
CHARTERED ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 47
director · Since 02/08/2017
DIRECTOR
BRITISH · UNITED KINGDOM · Age 50
Also on 17 other boards
Persons with Significant Control
True Capital Limited
True House, 29 Buckingham Gate, London, SW1E 6NF
Reg: 04705175 · England And Wales · England And Wales
Notified 06/04/2016
Charges4 outstanding
HSBC UK BANK PLC
SILICON VALLEY BANK
SILICON VALLEY BANK
HSBC UK BANK PLC
CompanyRankvs 73081+ SIC 70229 peers42
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£2.4M
Annual revenue
Net Worth
£5k
Balance sheet strength
Cash
£68k
Cash in the bank
Profit Before Tax
£193k
Bottom line earnings
Net Current Assets
-£786k
Working capital
Current Assets
£2.1M
Current Liabilities
£2.8M
Fixed Assets
£1.1M
Debtors
£2k
Gross Profit
£2.4M
Admin Expenses
£2.1M
Operating Profit
£192k
Profit After Tax
£115k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.72 | +£288 |
| 2024 | 0.74 | +£532 |
| 2023 | 0.70 | +£2k |
| 2022 | 0.57 | -£240k |
| 2021 | 1.33 | +£129k |
| 2020 | 1.03 | — |
Derived from filed accounts. Not audited figures.