Equiem Services Ltd
10737553
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/04/2017
DIRECTOR
AUSTRALIAN · UNITED STATES · Age 47
Also on 1 other board
Persons with Significant Control
Former PSCs
Mr Lorenz Luigi Grollo
Ceased 25/07/2023
Charges1 outstanding
MARSHALL INVESTMENTS GCP PTY LTD ACN 655 680 256 (AS TRUSTEE FOR THE MI EQUIEM TRUST)
TH SECURITY HOLDER NO 1 PTY LTD AS TRUSTEE FOR THE EQUIEM SECURITY TRUST (ACN 629 075 869)
CompanyRankvs 6305+ SIC 63110 peers21
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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
financial statements for the year ended 30 June 2024 was unqualified . In their report, the auditors emphasised the following matter without qualifying their report: Material uncertainty related to going concern We draw attention to note 2.3 in the financial statements, which indicates that that the company is dependant on support from the parent undertaking. As stated in note 2.3, there is doub
Key FinancialsYear ending 30/06/2024
Net Worth
-£8.1M
Balance sheet strength
Cash
£523k
Cash in the bank
Net Current Assets
-£8.4M
Working capital
Current Assets
£1.3M
Current Liabilities
£9.7M
Fixed Assets
£339k
Debtors
£778k
Profit After Tax
-£3.3M
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.13 | -£3.3M | — |
| 2023 | 0.45 | -£2.3M | — |
| 2022 | 0.44 | -£2.5M | — |
| 2021 | 0.87 | — | £1.4M |
| 2020 | 0.57 | — | £932k |
| 2019 | 0.36 | — | £635k |
| 2018 | 0.38 | — | — |
Derived from filed accounts. Not audited figures.