Hark Systems Ltd.
10005971
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 13/09/2025
Due 27/09/2026
Industry
Officers
director · Since 15/02/2016
SOFTWARE ENGINEER
BRITISH · UNITED KINGDOM · Age 31
Also on 1 other board
Persons with Significant Control
Solaredge Technologies, Inc.
47505, Seabridge Drive, California, 94538
Reg: 4201715 · Delaware Division Of Corporations · Corporation
Notified 06/04/2023
Former PSCs
Mr Jordan Wesley Appleson
Ceased 06/04/2023
Charges1 outstanding
HSBC UK BANK PLC
PATRICK ALTOFT · 3C VENTURE CAPITAL LIMITED
HSBC UK BANK PLC
CompanyRankvs 512+ SIC 26512 peers30
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
are in compliance with FRS 102 requires the use of certain critical accounting accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. Going concern: The directors have assessed the Company's ability to continue as a going concern and have a reasonable expectation that the Company has adequate resources to continue in operational exi
Key FinancialsYear ending 31/12/2024
Net Worth
£15
Balance sheet strength
Cash
£933k
Cash in the bank
Net Current Assets
-£299k
Working capital
Current Assets
£2.8M
Current Liabilities
£3.1M
Fixed Assets
£85k
Debtors
£1.8M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.90 | — |
| 2023 | 1.49 | +£1.6M |
| 2023 | 0.54 | -£332k |
| 2022 | 0.67 | -£574k |
| 2021 | 2.51 | -£378k |
| 2020 | 2.59 | +£183k |
| 2019 | 1.70 | — |
Derived from filed accounts. Not audited figures.