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Solution 60 Ltd

08859392

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

6-10 QUEENSWAY, NEW MILTON, BH25 5NN
Incorporated 23/01/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74100
Specialised design activities

Officers

Mr Ray Alan Davis

director · Since 12/05/2014

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 55

Also on 25 other boards

CompanyRankvs 2796+ SIC 74100 peers
76

Financial strength97th percentile among SIC peers · 24/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 3× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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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.

Employees5/15 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.

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.

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

Key FinancialsYear ending 31/01/2023

Net Worth

£389k

Balance sheet strength

Cash

£25

Cash in the bank

Net Current Assets

£389k

Working capital

Current Assets

£584k

Current Liabilities

£195k

Debtors

£584k

1avg. employees-3

Tax at Year End

Corp tax£13k
VAT£79k

Director Loans(2021)

Company owes directors£43k

Balance Sheet

Assets less current liabilities£389k
Signed by Mr Ray Davis 30 September 2023Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20233.00-£215k£1.6M
20224.83-£45k£1.1M
20217.94+£12k£140k
202014.32+£27k£21k
20199.41£21k

Derived from filed accounts. Not audited figures.