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Industrial It Systems Ltd

08693201

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 2 TUNGSTEN BUILDING GEORGE STREET, BRIGHTON, BN41 1RA
Incorporated 17/09/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46510
Wholesale of computers, computer peripheral equipment and software
46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Mr Araz Gholizadeh Viand

director · Since 17/09/2013

IT

BRITISH · ENGLAND · Age 46

Also on 1 other board

Mrs Edyta Anna Viand

director · Since 01/07/2014

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 1 other board

Persons with Significant Control

Mr Araz Viand

Significant control

British · England · Age 46

Unit 2 Tungsten Building, George Street, Brighton, BN41 1RA

Notified 06/04/2016

Viand Holdings Ltd

75–100% shares

Unit 2 Tungsten Building, George Street, Brighton, BN41 1RA

Notified 26/06/2020

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 28/01/2025Registered 31/01/2025
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 22/03/2021Registered 25/03/2021
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 13/05/2019Registered 17/05/2019

CompanyRankvs 75+ SIC 46510 peers
76

Financial strength97th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.78× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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75Industrial It Systems Ltd
85
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

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

Liquidity20/20 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£2.1M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£2.6M

Current Liabilities

£674k

Fixed Assets

£415k

Debtors

£326k

11avg. employees+3

Balance Sheet

Bank loans & overdrafts£233k
Assets less current liabilities£2.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20243.78+£139k
20235.45—

Derived from filed accounts. Not audited figures.