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Park Technology Limited

10059756

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

WEWORK 2 LEMAN STREET, LONDON, E1 8FA
Incorporated 12/03/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Saeid Mohamed Obeid Binzagr

director · Since 22/03/2016

CHARIMAN, DIRECTOR

SAUDI ARABIAN · SAUDI ARABIA · Age 53

Mr Jasdeep Singh Gill

director · Since 15/08/2019

CHIEF EXECUTIVE OFFICER

BRITISH · UNITED KINGDOM · Age 39

Also on 1 other board

Persons with Significant Control

Mr Saeid Mohamed Obeid Binzagr

75–100% shares

Saudi Arabian · Saudi Arabia · Age 53

Wework, 2 Leman Street, London, E1 8FA

Notified 07/03/2017

CompanyRankvs 34622+ SIC 62012 peers
40

Financial strength1th percentile among SIC peers · 0/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 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.

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

-£720k

Balance sheet strength

Cash

£46k

Cash in the bank

Net Current Assets

-£694k

Working capital

Current Assets

£107k

Current Liabilities

£801k

Fixed Assets

£3k

Debtors

£34k

3avg. employees

Balance Sheet

Assets less current liabilities-£691k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.13-£32k
20230.16-£207k
20212.40-£82k
20204.07+£729k
20192.42-£445k
20180.73

Derived from filed accounts. Not audited figures.