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Abacus Information Technology Uk Limited

08824522

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

PALLADIUM HOUSE 3RD FLOOR, LONDON, W1F 7LD
Incorporated 23/12/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62030
Computer facilities management activities
62090
Other information technology service activities
63110
Data processing, hosting and related activities

Officers

Jonathan Bohrer

director · Since 06/11/2020

CFO

AMERICAN · UNITED STATES · Age 52

Mr Thomas Leonard Cole

director · Since 15/08/2024

MANAGING DIRECTOR EMEA

BRITISH · UNITED KINGDOM · Age 42

Charges0 outstanding

Charge
satisfied

CRESENT AGENCY SERVICES LLC AS THE ADMINISTRATIVE AGENT

Created 25/10/2024Registered 28/10/2024Satisfied 09/07/2025
Charge
satisfied

CRESCENT AGENCY SERVICES LLC AS COLLATERAL AGENT FOR THE SECURED PARTIES (THE “COLLATERAL AGENT

Created 25/10/2024Registered 28/10/2024Satisfied 09/07/2025

CompanyRankvs 60552+ SIC 62020 peers
43

Financial strength18th percentile among SIC peers · 5/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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60552Abacus Information Technology Uk Limited
49
How is this score calculated?
Financial strength5/25 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.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 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

identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent 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 going c

Key FinancialsYear ending 31/12/2024

Net Worth

£1

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

-£2.0M

Working capital

Current Assets

£2.8M

Current Liabilities

£4.8M

Fixed Assets

£16.2M

Debtors

£1.6M

Profit After Tax

£235k

65avg. employees+35

People Costs

Wages & salaries£3.7M
NI contributions£438k

Balance Sheet

Assets less current liabilities£14.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.58—
20230.43+£235k
20220.46+£278k
20210.37+£779k
20200.14-£218k
20190.10—

Derived from filed accounts. Not audited figures.