Truestart Coffee Limited
09460193
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 26/02/2026
Due 12/03/2027
Industry
Officers
Persons with Significant Control
Former PSCs
Mr Simon Paul Hills
Ceased 02/12/2025
Mrs Helena Margaret Hills
Ceased 02/12/2025
Charges0 outstanding
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CompanyRankvs 429+ SIC 47110 peers76
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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.
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
Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. These financial statements are presented in pound sterling which is the functional currency of the company. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc
Key FinancialsYear ending 31/12/2025
Net Worth
£3.5M
Balance sheet strength
Cash
£2.7M
Cash in the bank
Net Current Assets
£3.6M
Working capital
Current Assets
£4.4M
Current Liabilities
£806k
Fixed Assets
£35k
Debtors
£912k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.47 | +£3.3M |
| 2024 | 1.54 | — |
| 2023 | 1.52 | — |
| 2023 | 2.83 | — |
Derived from filed accounts. Not audited figures.