Riversimple Movement Limited
09700923
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/09/2024
small
Next accounts due
30/06/2026
Confirmation statement
Last: 21/07/2025
Due 04/08/2026
Industry
Officers
director · Since 24/07/2015
ENGINEER
BRITISH · UNITED KINGDOM · Age 66
Also on 10 other boards
Persons with Significant Control
Riversimple Holding Ltd
32, Ddole Road Industrial Estate, Llandrindod Wells, LD1 6DF
Reg: 09623909 · Companies House (England And Wales) · Limited Company
Notified 06/04/2016
Former PSCs
Mr Hugo Ronald Allan Spowers
Ceased 30/07/2016
Mr Jeffrey Lensin Loo
Ceased 14/11/2016
Charges0 outstanding
ROCKING HORSE SOLUTIONS UK LIMITED
CompanyRankvs 164+ SIC 29100 peers59
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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
be required towards the end of Q4 2025 to continue delivering on the company's strategic plan. Failure to acquire such funding would cast significant doubt on the company's ability to continue as a going concern. Given current interest and negotiations on the both the initial and interim fund raises, the Director believes that the company remains a going concern. DIRECTOR H R A Spowers held offi
Key FinancialsYear ending 30/09/2024
Turnover
£4k
Annual revenue
Net Worth
£323k
Balance sheet strength
Cash
£196k
Cash in the bank
Profit Before Tax
-£749k
Bottom line earnings
Net Current Assets
-£475k
Working capital
Current Assets
£564k
Current Liabilities
£1.0M
Fixed Assets
£14k
Debtors
£368k
Cost of Sales
£491k
Gross Profit
-£487k
Admin Expenses
£262k
Operating Profit
-£728k
Profit After Tax
-£911k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.54 | +£0 |
| 2023 | 1.92 | +£46k |
| 2022 | 2.25 | — |
| 2021 | 0.35 | — |
| 2020 | 0.31 | — |
| 2019 | 0.28 | -£724k |
| 2018 | 0.38 | — |
Derived from filed accounts. Not audited figures.