Simplifai Systems Limited
10696351
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 26/07/2025
Due 09/08/2026
Industry
Officers
director · Since 29/03/2017
MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 66
Also on 2 other boards
Former
director · Resigned 01/12/2020
director · Resigned 02/08/2021
Persons with Significant Control
Mr James Gerard O'Shea
Irish · United Kingdom · Age 65
61, Highbury Hill, London, N5 1SX
Notified 03/05/2024
Former PSCs
Mr Keith Andrew Mccabe
Ceased 03/05/2024
Kam Futures
Ceased 01/04/2018
Charges1 outstanding
JAMES GERARD O'SHEA
Change History
Active
Private Limited Company
3M BUCKLEY INNOVATION CENTRE
HUDDERSFIELD
CompanyRankvs 16386+ SIC 62090 peers44
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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
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 in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/03/2025
Net Worth
£517k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£331k
Working capital
Current Assets
£106k
Current Liabilities
£437k
Fixed Assets
£848k
Debtors
£106k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.24 | +£583k |
| 2024 | 0.04 | +£439k |
| 2023 | 0.26 | -£305k |
| 2022 | 0.42 | -£168k |
| 2021 | 1.56 | — |
Derived from filed accounts. Not audited figures.