Farepay Limited
10102791
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 05/04/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 18 other boards
Persons with Significant Control
Mr Barry Joseph Davis
British · England · Age 61
79, Swallow Drive, Lymington, SO41 0XG
Notified 06/04/2016
Iddigi Limited
Olivers Barn, Maldon Road, Witham, CM8 3HY
Reg: 09861834 · England And Wales · Limited Liability Company
Notified 05/07/2016
CompanyRankvs 108521+ SIC 82990 peers41
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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 29/06/2024
Net Worth
-£88k
Balance sheet strength
Cash
£122
Cash in the bank
Net Current Assets
£212
Working capital
Current Assets
£212
Current Liabilities
£668
Debtors
£90
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.32 | +£366 |
| 2023 | 0.32 | +£3k |
| 2022 | 0.37 | -£2k |
| 2021 | 0.60 | -£796 |
| 2020 | 1.53 | +£20k |
| 2019 | 2.98 | -£27k |
| 2018 | 0.01 | — |
Derived from filed accounts. Not audited figures.