Nevercode Ltd
10577696
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Martin Remmelgas
Estonian · Estonia · Age 33
Lytchett House, Wareham Road, Poole, BH16 6FA
Notified 01/09/2019
Venrex Nominees Limited
13, Kensington Square, London, W8 5HD
Reg: 9784474 · England & Wales · Limited
Notified 02/10/2023
Former PSCs
Mr. Kristian Sagi
Ceased 21/03/2017
Ms. Triin Kask
Ceased 21/03/2017
Kristian Sagi
Ceased 31/08/2019
Triin Kask
Ceased 31/08/2019
CompanyRankvs 43606+ SIC 62012 peers37
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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 31/12/2025
Net Worth
-£233k
Balance sheet strength
Cash
£320k
Cash in the bank
Net Current Assets
-£233k
Working capital
Current Assets
£568k
Current Liabilities
£801k
Debtors
£248k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.71 | +£240k |
| 2024 | 0.50 | -£264k |
| 2023 | 0.54 | -£297k |
| 2022 | 0.60 | -£459k |
| 2021 | 0.96 | -£218k |
| 2020 | 0.93 | -£443k |
| 2019 | 1.28 | +£1.2M |
| 2018 | 207.96 | — |
Derived from filed accounts. Not audited figures.