Financial Network Limited
09829336
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/09/2021
DIRECTOR
BRITISH · SCOTLAND · Age 50
Also on 3 other boards
Persons with Significant Control
Mr Suhail Ibrar Ahmad
British · Scotland · Age 50
63-66, Hatton Garden, London, EC1N 8LE
Notified 15/09/2023
Former PSCs
Mr Suhail Ibrar Ahmad
Ceased 14/08/2020
Mrs Aisha Elahi
Ceased 15/09/2023
CompanyRankvs 44764+ SIC 62012 peers33
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
-£24k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£36k
Working capital
Current Assets
£34k
Current Liabilities
£70k
Fixed Assets
£193k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.49 | -£50k |
| 2023 | 0.05 | -£5k |
| 2022 | 2.44 | +£2k |
| 2021 | Infinity | +£9k |
| 2020 | Infinity | +£8k |
| 2019 | 4.12 | +£8k |
| 2018 | Infinity | — |
Derived from filed accounts. Not audited figures.