Xiatech Limited
08677559
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 09/12/2020
BOARD ADVISOR
BRITISH · ENGLAND · Age 64
Also on 3 other boards
director · Since 02/04/2025
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 3 other boards
Persons with Significant Control
Xiatech Holdings Limited
48, The Rise, Borehamwood, WD6 3JT
Reg: 12839687 · Companies House England And Wales · Private Limited Company
Notified 08/12/2020
Former PSCs
Mr Jonathan Mark Summerfield
Ceased 08/12/2020
Mrs Nicola Louise Summerfield
Ceased 08/12/2020
Charges2 outstanding
CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)
ROCKPOOL (SECURITY TRUSTEE) LIMITED, COMPANY NUMBER 08129241
CompanyRankvs 21641+ SIC 62020 peers54
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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
Key FinancialsYear ending 30/09/2024
Net Worth
£3.7M
Balance sheet strength
Cash
£106k
Cash in the bank
Profit Before Tax
-£1.3M
Bottom line earnings
Net Current Assets
-£31k
Working capital
Current Assets
£3.2M
Current Liabilities
£3.3M
Fixed Assets
£4.9M
Debtors
£3.1M
Cost of Sales
£5.1M
Admin Expenses
£6.2M
Profit After Tax
-£1.0M
Tax at Year End(2022)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.99 | -£1.0M |
| 2023 | 1.41 | +£119k |
| 2022 | 1.90 | — |
| 2021 | 3.00 | — |
| 2020 | 4.95 | +£558k |
| 2019 | 5.41 | +£702k |
| 2018 | 16.26 | — |
Derived from filed accounts. Not audited figures.