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K3 Innovations Ltd

08733357

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

1 ABBERTON GROVE, SOLIHULL, B90 4YQ
Incorporated 15/10/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Mr Jagjit Singh Kundhi

director · Since 15/10/2013

ELECTRONICS ENGINEER

BRITISH · ENGLAND · Age 67

Persons with Significant Control

Mr Jagjit Singh Kundhi

75–100% shares

British · England · Age 67

1, Abberton Grove, Solihull, B90 4YQ

Notified 06/04/2016

CompanyRankvs 12171+ SIC 71122 peers
48

Financial strength28th percentile among SIC peers · 7/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.23× · 2/20
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 strength7/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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 31/10/2024

Net Worth

£100

Balance sheet strength

Cash

£21

Cash in the bank

Net Current Assets

-£12k

Working capital

Current Assets

£4k

Current Liabilities

£16k

Fixed Assets

£2k

Debtors

£4k

2avg. employees

Balance Sheet

Assets less current liabilities-£10k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.23
20230.58
20220.90
20210.93
20203.11
20191.64
20180.41

Derived from filed accounts. Not audited figures.