Exchange Utility Limited
10255652
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 25/06/2025
Due 09/07/2026
Industry
Officers
director · Since 28/06/2016
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 1 other board
director · Since 27/02/2025
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 19 other boards
Persons with Significant Control
Mr Matthew Craig Greensmith
British · England · Age 52
Athenaeum House, Market Street, Bury, BL9 0BL
Notified 28/05/2025
Mrs Norma Nanette Greensmith
British · England · Age 79
Athenaeum House, Market Street, Bury, BL9 0BL
Notified 28/05/2025
Mr Andrew David Greensmith
British · England · Age 55
Athenaeum House, Market Street, Bury, BL9 0BL
Notified 28/05/2025
Mrs Abigail Alicia Rayner
British · England · Age 39
Athenaeum House, Market Street, Bury, BL9 0BL
Notified 28/05/2025
Former PSCs
Mr Oliver George Rayner
Ceased 28/05/2025
CompanyRankvs 41284+ SIC 74909 peers36
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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
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 directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
-£1.7M
Balance sheet strength
Cash
£1.5M
Cash in the bank
Profit Before Tax
£548k
Bottom line earnings
Net Current Assets
-£86k
Working capital
Current Assets
£5.2M
Current Liabilities
£5.3M
Fixed Assets
£312k
Debtors
£3.7M
Cost of Sales
£2.4M
Admin Expenses
£1.6M
Profit After Tax
£366k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.98 | +£366k |
| 2023 | 0.91 | +£2k |
| 2022 | 0.87 | — |
Derived from filed accounts. Not audited figures.