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Megabyte It Limited

10532245

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

11 TRINITY STREET, BUNGAY, NR35 1EH
Incorporated 19/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

61100
Wired telecommunications activities
62020
Information technology consultancy activities

Officers

Mr Joe Davies

director · Since 19/12/2016

ENGINEER

BRITISH · UNITED KINGDOM · Age 47

Persons with Significant Control

Mr Joe Davies

75–100% shares
75–100% votes

British · United Kingdom · Age 47

11, Trinity Street, Bungay, NR35 1EH

Notified 19/12/2016

CompanyRankvs 1291+ SIC 61100 peers
57

Financial strength29th percentile among SIC peers · 7/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 3.34× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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1291Megabyte It Limited
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How is this score calculated?
Financial strength7/25 pts

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

Employees5/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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 31/12/2024

Net Worth

£38

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£818

Working capital

Current Assets

£1k

Current Liabilities

£349

1avg. employees

Balance Sheet

Assets less current liabilities£818
Signed by Mr J Davies 18/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20243.34

Derived from filed accounts. Not audited figures.