True Point Audio Ltd
10398589
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 28/09/2016
director · Since 28/09/2016
ENGINEER
BRITISH · UNITED KINGDOM · Age 76
Also on 2 other boards
director · Since 04/06/2018
PRECISION ENGINEER
BRITISH · UNITED KINGDOM · Age 40
Also on 7 other boards
Persons with Significant Control
Mr Charles Gordon Melling
British · United Kingdom · Age 76
3, St. Margarets Road, Wirral, CH47 1HX
Notified 28/09/2016
CompanyRankvs 134609+ SIC 82990 peers35
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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.
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
-£26k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£25k
Working capital
Current Assets
£5k
Current Liabilities
£30k
Debtors
£800
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.16 | +£4k |
| 2023 | 0.16 | -£26k |
| 2022 | 0.99 | -£11k |
| 2021 | 2.46 | +£4k |
| 2020 | 3.35 | -£2k |
| 2019 | 1.43 | -£4k |
| 2018 | 3.51 | — |
Derived from filed accounts. Not audited figures.