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Ibapplications Limited

10205513

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

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

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/05/2026

Due 24/05/2027

On track

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

Persons with Significant Control

Mr. Rolf Henrik Bladt

Significant control

Danish · Denmark · Age 72

C/O Krogh & Partners Limited, 823 Salisbury House, London, EC2M 5QQ

Notified 01/01/2025

CompanyRankvs 1059+ SIC 66290 peers
49

Financial strength31th percentile among SIC peers · 8/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 27× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees6/15 pts

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

Liquidity20/20 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 concern are de

Key FinancialsYear ending 31/12/2025

Turnover

£1.2M

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£33k

Cash in the bank

Profit Before Tax

£22k

Bottom line earnings

Net Current Assets

£258k

Working capital

Current Assets

£268k

Current Liabilities

£10k

Debtors

£236k

Admin Expenses

£1.2M

Operating Profit

£6k

Profit After Tax

£18k

1avg. employees-1

Tax at Year End

Corp tax£5k

Balance Sheet

Assets less current liabilities£258k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
202527.00
20241.83
20233.71

Derived from filed accounts. Not audited figures.