Turtles Commerce Limited
10447887
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 25/10/2025
Due 08/11/2026
Industry
Officers
Persons with Significant Control
Jarl Wolfram
Finnish · Hong Kong · Age 33
125, Wood Street, London, EC2V 7AW
Notified 20/12/2016
Former PSCs
Mr Ari Korhonen
Ceased 20/12/2016
CompanyRankvs 127390+ SIC 64209 peers52
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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 go
Key FinancialsYear ending 31/03/2025
Net Worth
£2k
Balance sheet strength
Cash
£210k
Cash in the bank
Profit Before Tax
-£3.8M
Bottom line earnings
Net Current Assets
£1.1M
Working capital
Current Assets
£1.7M
Current Liabilities
£659k
Debtors
£1.5M
Admin Expenses
£295k
Profit After Tax
-£3.8M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.62 | +£7 |
| 2024 | 8.10 | -£47.7M |
| 2023 | 2.12 | +£6.3M |
| 2022 | 60.59 | — |
Derived from filed accounts. Not audited figures.