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Accion Labs (Uk) Limited

08900503

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

351A GREEN STREET, LONDON, E13 9AR
Incorporated 18/02/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Kinesh Kumar Doshi

director · Since 18/02/2014

COMPUTER ENGINEER

AMERICAN · UNITED STATES · Age 56

Mr Ramesh Narasimhan

director · Since 16/02/2021

COMPANY DIRECTOR

INDIAN · INDIA · Age 50

Mr Krishna Singh

director · Since 27/01/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Persons with Significant Control

Accion Labs Holdings, Inc.

75–100% shares
75–100% votes
Appoint directors

351a, Green Street, London, E13 9AR

Notified 09/03/2020

Former PSCs

Mr Howard Jonathan Goodkind

Ceased 01/09/2016

Accion Labs (Bvi) Inc

Ceased 01/09/2016

Mr Howard Jonathan Goodkind

Ceased 09/05/2022

CompanyRankvs 11233+ SIC 62090 peers
64

Financial strength98th percentile among SIC peers · 25/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 1.95× · 16/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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11233Accion Labs (Uk) Limited
70
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.

Employees6/15 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.

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 concern are d

Key FinancialsYear ending 31/03/2024

Turnover

£10.0M

Annual revenue

Net Worth

£2.1M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

£1.7M

Bottom line earnings

Net Current Assets

£2.1M

Working capital

Current Assets

£4.3M

Current Liabilities

£2.2M

Fixed Assets

£2k

Debtors

£2.8M

Cost of Sales

£7.8M

Gross Profit

£2.2M

Admin Expenses

£459k

Operating Profit

£1.7M

Profit After Tax

£1.3M

1avg. employees

Tax at Year End

Corp tax£430k
Dividends paid£168k

People Costs

Wages & salaries£421k
NI contributions£40k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.95+£1.7M—
20202.66+£139k£536k
20191.72——

Derived from filed accounts. Not audited figures.