Kortext Limited
08617088
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/06/2025
group
Next accounts due
31/03/2027
Confirmation statement
Last: 23/02/2026
Due 09/03/2027
Industry
Officers
director · Since 19/07/2013
DIRECTOR
BRITISH · ENGLAND · Age 60
Also on 4 other boards
secretary · Since 27/03/2015
director · Since 01/11/2015
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 63
Also on 38 other boards
director · Since 20/07/2016
NON-EXECUTIVE DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
director · Since 26/03/2019
CEO DMG VENTURES
PORTUGUESE · UNITED KINGDOM · Age 41
Also on 2 other boards
director · Since 01/10/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 2 other boards
Persons with Significant Control
Mr James Richard Gray
British · United Kingdom · Age 60
26-32, Oxford Road, Bournemouth, BH8 8EZ
Notified 06/04/2016
Former PSCs
Kg Settlement Trust
Ceased 03/04/2020
Mainspring Nominees (8) Limited
Ceased 17/06/2021
Charges1 outstanding
HSBC UK BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 3535+ SIC 62012 peers60
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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
cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 1.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Key FinancialsYear ending 30/06/2020
Net Worth
£4.8M
Balance sheet strength
Cash
£3.1M
Cash in the bank
Net Current Assets
£1.0M
Working capital
Current Assets
£5.7M
Current Liabilities
£4.6M
Fixed Assets
£4.4M
Debtors
£2.6M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2020 | 1.23 | -£60k | £3.9M |
| 2019 | 1.70 | -£1.1M | £434k |
| 2018 | 3.84 | — | £434k |
Derived from filed accounts. Not audited figures.