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Babb Technologies Ltd

10225110

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

LEVEL 39, LONDON, E14 5AB
Incorporated 10/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Rushd Averroes

director · Since 18/07/2016

BUSINESS MAN

BRITISH · UNITED KINGDOM · Age 47

Also on 4 other boards

Persons with Significant Control

Babb Group Ltd

75–100% shares
75–100% votes
Appoint directors

Level 39, One Canada Square, London, E14 5AB

Reg: 11197989 · United Kingdom · Private Limited Company

Notified 22/08/2018

Former PSCs

Mr Khaled Yas Al-Kebsi

Ceased 10/05/2017

Mr Rushd Averroes

Ceased 22/08/2018

Charges0 outstanding

Charge
satisfied

FINSTOCK CAPITAL LIMITED

Created 22/04/2020Registered 22/04/2020Satisfied 07/05/2020

CompanyRankvs 34641+ SIC 62012 peers
44

Financial strength0th percentile among SIC peers · 0/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.67× · 6/20
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.

Liquidity6/20 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

-£23.8M

Balance sheet strength

Cash

£675

Cash in the bank

Net Current Assets

-£103k

Working capital

Current Assets

£208k

Current Liabilities

£311k

Fixed Assets

£4k

Debtors

£207k

3avg. employees-1

Tax at Year End

Corp tax£16k

Director Loans(2023)

Company owes directors£141k

Balance Sheet

Assets less current liabilities-£100k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.67-£2.3M
20230.27-£2.5M
20220.34-£1.9M
20210.28-£1.8M
20200.50-£2.4M
20192.98-£2.1M
20183.95

Derived from filed accounts. Not audited figures.