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5rit Limited

08785691

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

51 SHIRLEY DRIVE, WORTHING, BN14 9AZ
Incorporated 21/11/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
63110
Data processing, hosting and related activities

Officers

Mr Nigel Morgan

secretary · Since 21/11/2013

Mr Nigel James Morgan

director · Since 21/11/2013

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 3 other boards

Persons with Significant Control

Mr Nigel James Morgan

75–100% shares

British · England · Age 50

51, Shirley Drive, Worthing, BN14 9AZ

Notified 05/11/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 30/03/2017Registered 06/04/2017

CompanyRankvs 10396+ SIC 62020 peers
71

Financial strength87th percentile among SIC peers · 22/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.96× · 16/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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 30/11/2024

Net Worth

£97k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£67k

Working capital

Current Assets

£137k

Current Liabilities

£70k

Fixed Assets

£37k

7avg. employees-1

Tax at Year End(2020)

VAT£10k

Balance Sheet

Assets less current liabilities£104k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.96+£19k
20232.05+£18k
20221.87+£23k
20211.56-£1k
20203.90+£6k£206k
20190.94-£23k
20180.94

Derived from filed accounts. Not audited figures.