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Ibapplications Limited

10205513

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

C/O KROGH & PARTNERS LIMITED 823 SALISBURY HOUSE, LONDON, EC2M 5QQ
Incorporated 28/05/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66290
Other activities auxiliary to insurance and pension funding

Officers

Mr Morten Bruun Steiner

director · Since 01/05/2024

DIRECTOR

DANISH · DENMARK · Age 65

CompanyRankvs 1270+ SIC 66290 peers
48

Financial strength31th percentile among SIC peers · 8/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.83× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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1270Ibapplications Limited
54
How is this score calculated?
Financial strength8/25 pts

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

Employees9/15 pts

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

Liquidity16/20 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£2.1M

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£432k

Cash in the bank

Profit Before Tax

£12k

Bottom line earnings

Net Current Assets

£241k

Working capital

Current Assets

£531k

Current Liabilities

£290k

Debtors

£99k

Admin Expenses

£2.1M

Operating Profit

£689

Profit After Tax

£10k

2avg. employees-1

Tax at Year End(2023)

Corp tax£34k

People Costs(2022)

Wages & salaries£390k
NI contributions£47k

Balance Sheet

Assets less current liabilities£241k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.83
20233.71
20223.69
20211.69
20201.15

Derived from filed accounts. Not audited figures.