Back to search

Practice Ignition Limited

09361126

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 18/12/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Guy Pearson

director · Since 28/01/2015

COMPANY DIRECTOR

AUSTRALIAN · AUSTRALIA · Age 42

Persons with Significant Control

Former PSCs

Practice Ignition Pty Ltd

Ceased 25/05/2022

Charges2 outstanding

Charge
outstanding

CANADIAN IMPERIAL BANK OF COMMERCE AS THE LENDER (AS DEFINED IN THE INSTRUMENT APPENDED TO THIS

Created 12/07/2023Registered 13/07/2023
Charge
outstanding

CANADIAN IMPERIAL BANK OF COMMERCE

Created 22/01/2021Registered 28/01/2021

CompanyRankvs 73050+ SIC 62020 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
1Technology Means Business Limited
90
2Carr Royd Parks Limited
90
3Concentration Heat And Momentum Limited
90
4Quill Pinpoint Limited
90
5Tba Doncaster Limited
90
6Optio Systems Limited
90
7Intech Limited
90
8Hamilton Grant Software Ltd.
90
9Amshire Solutions Limited
90
10Communications Software (Airline Systems) Limited
90
73050Practice Ignition Limited
42
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

at least twelve months from the signing date of the financial statements. The director did not identify any uncertainty that cast significant doubt about the ability of the company to continue as a going concern. The group has confirmed that they will support this company for a period of at least a year from signing these financial statements. On that basis, the Director is satisfied that the co

Key FinancialsYear ending 30/06/2025

Net Worth

-£977k

Balance sheet strength

Cash

£805k

Cash in the bank

Net Current Assets

-£977k

Working capital

Current Assets

£1.4M

Current Liabilities

£2.3M

Debtors

£567k

6avg. employees-1

Tax at Year End

VAT£160k

Balance Sheet

Assets less current liabilities-£977k
Signed by G Pearson 4 November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.58+£510k£3.2M
20240.23+£61k£2.6M
20230.27-£1£2.2M
20220.29-£408k£1.6M
20210.21—£952k

Derived from filed accounts. Not audited figures.