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Tymit Ltd

10827757

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

5 MERCHANT SQUARE, LONDON, W2 1DP
Incorporated 20/06/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
63110
Data processing, hosting and related activities
64921
64921

Officers

Mr David Edward Twigg

director · Since 01/09/2023

NON EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 4 other boards

Mr Paul Robert Kendrick

director · Since 24/03/2026

BRITISH · ENGLAND · Age 58

Also on 1 other board

Persons with Significant Control

Frasers Group Plc

50–75% shares
50–75% votes
Appoint directors

Unit A, Brook Park East Road, Mansfield, NG20 8RY

Reg: 06035106 · Companies House · Public Limited Company

Notified 23/09/2022

Former PSCs

Mr Martin Magnone

Ceased 29/01/2022

Mr. Martin Magnone Ballefin

Ceased 23/09/2022

Charges2 outstanding

Charge
outstanding

FRASERS GROUP PLC

Created 23/09/2022Registered 13/10/2022
Charge
outstanding

FRASERS GROUP PLC

Created 23/09/2022Registered 27/09/2022

CompanyRankvs 843990+ SIC 62020 peers
19

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
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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84399Tymit Ltd
39
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.

Employees15/15 pts

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

Liquidity0/20 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

of signing, the directors do not consider COVID-19 to impact the Company's ability to continue as a going concern. The directors note that the business has net liabilities of £3.75m. Post year end, additional cash has been generated and the Company is in the process of agreeing further investment of £12m. Based

Key FinancialsYear ending 30/06/2021

Net Worth

-£3.8M

Balance sheet strength

Cash

£659k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£1.2M

Fixed Assets

£57k

Debtors

£1.2M

27avg. employees+12

Director Loans(2019)

Company owes directors£18k

Balance Sheet

Intangible assets£1.3M
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2021—-£3.6M
20203.04+£284k
2019952.52—

Derived from filed accounts. Not audited figures.