Chip Financial Ltd
10113174
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/04/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 39
Also on 1 other board
director · Since 01/05/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 25 other boards
director · Since 10/05/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 35
director · Since 21/01/2025
DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 8 other boards
Persons with Significant Control
Mr Simon Rabin
British · United Kingdom · Age 39
Sixth Floor, Fora Montacute Yards, London, E1 6HU
Notified 08/04/2016
Charges1 outstanding
HSBC INNOVATION BANKING
SILICON VALLEY BANK
CompanyRankvs 99070+ SIC 64999 peers42
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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
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty in relation to Going Concern We draw attention to the accounting policy in relation to going concern contained within the financial statements, which indicates that there is a material uncertainty relating to the ability o
Key FinancialsYear ending 31/12/2022
Turnover
£1.7M
Annual revenue
Net Worth
£6
Balance sheet strength
Cash
£6.8M
Cash in the bank
Profit Before Tax
-£15.0M
Bottom line earnings
Net Current Assets
£3.8M
Working capital
Current Assets
£9.3M
Current Liabilities
£5.5M
Fixed Assets
£141k
Debtors
£2.4M
Cost of Sales
£1.3M
Gross Profit
£392k
Admin Expenses
£15.4M
Operating Profit
-£15.0M
Profit After Tax
-£13.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2022 | 1.70 |
| 2021 | 4.88 |
Derived from filed accounts. Not audited figures.