Novel Audio Ltd
10327884
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/12/2022
OPERATING PARTNER
BRITISH · ENGLAND · Age 48
Also on 1 other board
Persons with Significant Control
Vgc Partners I Lp
Portman House, Portman Street, London, W1H 6DU
Reg: Lp018948 · Companies House · Limited Partnership
Notified 26/10/2023
Former PSCs
Mr Sean Glynn
Ceased 05/10/2016
Mr Patrick Glynn
Ceased 05/12/2016
Mr Sean Glynn
Ceased 31/12/2023
Mr Maximillian Oliver Bertie O'Brien
Ceased 22/12/2022
Charges1 outstanding
BONDIT LLC
CompanyRankvs 115363+ SIC 82990 peers30
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£1.5M
Balance sheet strength
Cash
£108k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£1.8M
Fixed Assets
£10k
Debtors
£250k
Tax at Year End
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | +£0 |
| 2025 | — | -£1.4M |
| 2024 | 0.93 | -£3.1M |
| 2023 | 3.23 | +£2.6M |
| 2022 | 1.18 | +£249k |
| 2021 | 1.15 | — |
| 2020 | 0.96 | — |
| 2019 | 0.93 | — |
Derived from filed accounts. Not audited figures.