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Altius Technical Solutions Limited

09511035

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

1-4 MARYMEAD WORKSHOPS, STEVENAGE, SG2 8AB
Incorporated 26/03/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Rhys Anthony Morosco

director · Since 20/07/2017

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 2 other boards

Persons with Significant Control

Mr Rhys Anthony Morosco

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

British · United Kingdom · Age 49

1-4, Marymead Workshops, Stevenage, SG2 8AB

Notified 20/07/2017

Former PSCs

Mr Vincent Mark Hann

Ceased 19/09/2023

Charges1 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LIMITED

Created 21/12/2023Registered 27/12/2023
Charge
satisfied

ULTIMATE FINANCE LIMITED

Created 22/01/2019Registered 23/01/2019Satisfied 18/12/2023
Charge
satisfied

ASHLEY COMMERCIAL FINANCE LIMITED

Created 14/12/2015Registered 16/12/2015Satisfied 24/01/2019

CompanyRankvs 11541+ SIC 71129 peers
33

Financial strength3th percentile among SIC peers · 1/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.01× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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11541Altius Technical Solutions Limited
53
How is this score calculated?
Financial strength1/25 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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 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

of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied: 2.2 Going concern The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has concluded that there are no m

Key FinancialsYear ending 31/10/2024

Net Worth

-£33k

Balance sheet strength

Cash

£74k

Cash in the bank

Net Current Assets

£2k

Working capital

Current Assets

£198k

Current Liabilities

£195k

Fixed Assets

£338

Debtors

£124k

8avg. employees+2

Tax at Year End(2022)

VAT£21k

Director Loans(2022)

Company owes directors£4k

Balance Sheet

Bank loans & overdrafts£36k
Assets less current liabilities£3k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.01+£62k—
20230.72-£107k—
20221.07-£15k£426k
20210.93——

Derived from filed accounts. Not audited figures.