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Xyz Reality Limited

10660835

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT G0.G02,, LONDON, EC1V 7LQ
Incorporated 09/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr David John Mitchell

director · Since 09/03/2017

CEO

IRISH · ENGLAND · Age 38

Mr Hussein Kanji

director · Since 04/02/2020

VENTURE CAPITALIST

AMERICAN · ENGLAND · Age 49

Also on 10 other boards

Mr Nicholas John Kingsbury

director · Since 04/02/2020

INVESTOR

BRITISH · UNITED KINGDOM · Age 67

Also on 4 other boards

Persons with Significant Control

Former PSCs

Mr David John Mitchell

Ceased 11/06/2021

Mr Umar Ahmed

Ceased 03/02/2020

Charges2 outstanding

Charge
outstanding

SPRK CAPITAL LIMITED

Created 11/03/2026Registered 11/03/2026
Charge
outstanding

SPRK CAPITAL LIMITED

Created 04/06/2025Registered 05/06/2025

CompanyRankvs 3140+ SIC 62012 peers
64

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 7.57× · 20/20
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 strength25/25 pts

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

Employees15/15 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.

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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

Key FinancialsYear ending 31/03/2024

Net Worth

£9.2M

Balance sheet strength

Cash

£2.4M

Cash in the bank

Net Current Assets

£7.8M

Working capital

Current Assets

£10.0M

Current Liabilities

£1.3M

Fixed Assets

£1.5M

Debtors

£4.2M

Cost of Sales

£1.3M

Admin Expenses

£16.2M

Profit After Tax

-£10.5M

72avg. employees

People Costs

Wages & salaries£8.5M

Balance Sheet

Intangible assets£334k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20247.57+£8.5M
201911.68

Derived from filed accounts. Not audited figures.