Back to search

Ascend Diagnostics Limited

09971953

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

CITYLABS 1.0, MANCHESTER, M13 9NQ
Incorporated 27/01/2016

Compliance

Last accounts

31/12/2025

total exemption full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 26/01/2026

Due 09/02/2027

On track

Industry

26511
Manufacture of electronic instruments and appliances for measuring, testing, and navigation

Officers

Oakwood Corporate Secretary Limited

secretary · Since 27/01/2016

BRITISH

Also on 2749 other boards

Dong Young Lee

director · Since 27/01/2016

MANAGER

SOUTH KOREAN · UNITED STATES · Age 60

Dr Omar Belgacem

director · Since 12/07/2016

MANAGER

FRENCH · ENGLAND · Age 54

Persons with Significant Control

Eung Joon Jo

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

South Korean · United States · Age 72

Citylabs 1.0, Nelson Street, Manchester, M13 9NQ

Notified 01/01/2022

Former PSCs

Joshua Kim

Ceased 12/07/2018

Gigwang Bae

Ceased 27/07/2019

Heoncheol Jang

Ceased 01/01/2022

CompanyRankvs 794+ SIC 26511 peers
43

Financial strength1th percentile among SIC peers · 0/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength0/25 pts

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

Employees12/15 pts

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

Liquidity6/20 pts

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

Longevity10/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£1.9M

Balance sheet strength

Cash

£996

Cash in the bank

Net Current Assets

-£1.9M

Working capital

Current Assets

£2.7M

Current Liabilities

£4.7M

Fixed Assets

£113k

Debtors

£2.1M

13avg. employees-2

People Costs(2021)

Wages & salaries£1.0M
NI contributions£101k

Balance Sheet

Assets less current liabilities-£1.8M
Signed by 09971953 2024-01-01 2024-12-31 09971953 2024-12-31 09971953 bus:OrdinaryShareClass1 2024-12-31 09971953 core:CurrentFinaPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.59-£11.8M
2022+£8.9M
20210.78-£7.0M

Derived from filed accounts. Not audited figures.