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Cex.Io Ltd

08757996

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • 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)

Details

78-79 PALL MALL, LONDON, SW1Y 5ES
Incorporated 01/11/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr. Oleksandr Lutskevych

director · Since 01/11/2013

CHIEF EXECUTIVE OFFICER

UKRAINIAN · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Mr Oleksandr Lutskevych

Significant control

Ukrainian · United Kingdom · Age 44

78-79, Pall Mall, London, SW1Y 5ES

Notified 11/08/2016

CompanyRankvs 1050+ SIC 62012 peers
77

Financial strength100th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.87× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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

Going concern doubt: -10 pts

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

Going Concern Doubt

DIVIDENDS No dividends are to be distributed for the current financial year. DIRECTOR O Lutskevych held office during the whole of the period from 1 January 2024 to the date of this report. GOING CONCERN As at 31.12.2024 company had net assets of £10,378,931 (2023: £6,149,606) and loss before tax of £619,195 (2023: £943,824). Assessment of the company's ability to continue as a going con

Key FinancialsYear ending 31/12/2024

Turnover

£10.0M

Annual revenue

Net Worth

£10.4M

Balance sheet strength

Cash

£6.8M

Cash in the bank

Profit Before Tax

-£619k

Bottom line earnings

Net Current Assets

£10.2M

Working capital

Current Assets

£13.8M

Current Liabilities

£3.6M

Fixed Assets

£1.5M

Debtors

£7.0M

Cost of Sales

£8.9M

Gross Profit

£1.1M

Admin Expenses

£2.8M

Operating Profit

-£460k

Profit After Tax

-£619k

7avg. employees-6

Tax at Year End(2021)

Corp tax£1.5M

People Costs

Wages & salaries£683k
NI contributions£83k

Balance Sheet

Intangible assets£578k
Assets less current liabilities£11.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.87+£4.2M
20233.04+£5.6M
20215.93+£220k
20202.88—

Derived from filed accounts. Not audited figures.