Initial Steps Ltd
08892649
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/02/2014
KITCHEN & BATHROOM FITTER
BRITISH · ENGLAND · Age 57
Persons with Significant Control
Mrs Kate Sillett
British · England · Age 54
19, Whistley Close, Bracknell, RG12 9LQ
Notified 06/04/2016
Mr Paul Robert Sillett
British · England · Age 57
19, Whistley Close, Bracknell, RG12 9LQ
Notified 06/04/2016
CompanyRankvs 646+ SIC 85100 peers81
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 28/02/2025
Net Worth
£160k
Balance sheet strength
Cash
£204k
Cash in the bank
Net Current Assets
£166k
Working capital
Current Assets
£204k
Current Liabilities
£38k
Fixed Assets
£355
Tax at Year End
Director Loans(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.36 | +£56k |
| 2024 | 13.74 | +£5k |
| 2023 | 8.86 | — |
Derived from filed accounts. Not audited figures.