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Sandvine Holdings Uk Limited

10533653

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

12 NEW FETTER LANE, LONDON, EC4A 1JP
Incorporated 20/12/2016

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 19/12/2025

Due 02/01/2027

On track

Industry

61900
Other telecommunications activities

Officers

Bird & Bird Company Secretaries Limited

secretary · Since 20/12/2016

BRITISH

Also on 293 other boards

Michael Thomas Sullivan

director · Since 03/03/2025

DIRECTOR

AMERICAN · UNITED STATES · Age 54

Charges2 outstanding

Charge
satisfied

ACQUIOM AGENCY SERVICES LLC

Created 02/10/2024Registered 07/10/2024Satisfied 05/03/2025
Charge
satisfied

BARINGS FINANCE LLC

Created 02/11/2018Registered 12/11/2018Satisfied 05/03/2025
Charge
satisfied

BARINGS FINANCE LLC

Created 02/11/2018Registered 12/11/2018Satisfied 05/03/2025
Charge
outstanding

BARINGS FINANCE LLC

Created 02/11/2018Registered 12/11/2018
Charge
satisfied

JEFFERIES FINANCE LLC

Created 02/11/2018Registered 09/11/2018Satisfied 05/03/2025
Charge
outstanding

JEFFERIES FINANCE LLC

Created 02/11/2018Registered 09/11/2018
Charge
satisfied

JEFFERIES FINANCE LLC

Created 02/11/2018Registered 09/11/2018Satisfied 05/03/2025
Charge
satisfied

JPMORGAN CHASE BANK, N.A. (THE "ADMINISTRATIVE AGENT")

Created 21/09/2017Registered 09/10/2017Satisfied 07/11/2018
Charge
satisfied

JPMORGAN CHASE BANK, N.A. (THE "COLLATERAL AGENT")

Created 21/09/2017Registered 09/10/2017Satisfied 07/11/2018
Charge
satisfied

JPMORGAN CHASE BANK, N.A. (THE "SECURITY AGENT")

Created 21/09/2017Registered 27/09/2017Satisfied 07/11/2018
Charge
satisfied

ANTARES CAPITAL LP AS ADMINISTRATIVE AGENT

Created 16/06/2017Registered 27/06/2017Satisfied 23/09/2017
Charge
satisfied

ANTARES CAPITAL LP AS SECURITY AGENT

Created 31/05/2017Registered 06/06/2017Satisfied 23/09/2017

CompanyRankvs 8397+ SIC 61900 peers
8

Financial strength0th percentile among SIC peers · 0/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and debt restructuring and, in November 2024, commenced in-court restructuring proceedings. As at 31 December 2024, the consolidated financial statements disclosed material uncertainty related to going concern. These matters may constrain access to intra-group funding and increase counterparty risk with fellow group undertakings on which the Company depends. Management have analysed the cash f

Key FinancialsYear ending 31/12/2024

Turnover

£2.9M

Annual revenue

Net Worth

-£95.2M

Balance sheet strength

Cash

£32k

Cash in the bank

Profit Before Tax

-£96.5M

Bottom line earnings

Net Current Assets

-£116.2M

Working capital

Current Assets

£40k

Current Liabilities

£116.2M

Fixed Assets

£20.9M

Debtors

£8k

Admin Expenses

£89.8M

Operating Profit

-£86.9M

Profit After Tax

-£96.5M

0avg. employees

Tax at Year End(2023)

Corp tax£527

People Costs

Wages & salaries£260

Balance Sheet

Assets less current liabilities-£95.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£161.0M
20230.00

Derived from filed accounts. Not audited figures.