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Initial Group (Ritson Street) Ltd

09772457

active
Private Limited Company
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

THE PADDOCK LEASINGTHORNE ROAD, SPENNYMOOR, DL16 7JW
Incorporated 10/09/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Wayne Andrew Baister

director · Since 10/09/2015

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 55

Also on 12 other boards

Persons with Significant Control

Mr Wayne Andrew Baister

75–100% shares
75–100% votes

British · England · Age 55

The Paddock, Leasingthorne Road, Spennymoor, DL16 7JW

Notified 06/04/2016

Former PSCs

Mr Robert John Yorke

Ceased 21/05/2020

Charges4 outstanding

Charge
outstanding

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CompanyRankvs 38098+ SIC 68100 peers
48

Financial strength84th percentile among SIC peers · 21/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio -0.26× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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38098Initial Group (Ritson Street) Ltd
57
How is this score calculated?
Financial strength21/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

£92k

Balance sheet strength

Cash

£54

Cash in the bank

Net Current Assets

-£629k

Working capital

Current Assets

-£130k

Current Liabilities

£499k

Debtors

-£131k

1avg. employees+1

Balance Sheet

Assets less current liabilities£122k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
2025-0.26-£67k
2024-0.31+£236k
20230.03-£79k
20222.96+£720
20211.45—

Derived from filed accounts. Not audited figures.