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True Compliance Limited

10389519

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

ONEGA HOUSE, 112, SIDCUP, DA14 6NE
Incorporated 22/09/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Graeme John Kilkenny

director · Since 22/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 46

Mr Matthew James Lewis Rawlings

director · Since 22/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 42

Mr Alexander James Morgan

director · Since 01/10/2021

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 2 other boards

Mr Alastair Andrew Mitchell Thorpe

director · Since 01/10/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Persons with Significant Control

Mr Matthew James Lewis Rawlings

25–50% shares
25–50% votes

British · England · Age 42

Onega House, 112, Main Road, Sidcup, DA14 6NE

Notified 22/09/2016

Mr Graeme Kilkenny

25–50% shares
25–50% votes

British · England · Age 46

Onega House, 112, Main Road, Sidcup, DA14 6NE

Notified 22/09/2016

CompanyRankvs 16592+ SIC 62012 peers
66

Financial strength83th percentile among SIC peers · 21/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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16592True Compliance Limited
61
How is this score calculated?
Financial strength21/25 pts

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

Employees14/15 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 30/09/2024

Net Worth

£62k

Balance sheet strength

Cash

£385k

Cash in the bank

Net Current Assets

-£456k

Working capital

Current Assets

£494k

Current Liabilities

£950k

Fixed Assets

£549k

Debtors

£110k

11avg. employees

Tax at Year End

Corp tax£99k

Balance Sheet

Intangible assets£528k
Assets less current liabilities£93k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.52-£142k
20230.55+£83k
20220.57+£30k
20211.04—

Derived from filed accounts. Not audited figures.