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Medicalchain.Com Ltd

10840710

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • 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)

Details

49 GROSVENOR STREET, LONDON, W1K 3HP
Incorporated 28/06/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Dr Abdullah Dafir Albeyatti

director · Since 28/06/2017

DOCTOR

BRITISH · ENGLAND · Age 40

Also on 7 other boards

Persons with Significant Control

Former PSCs

Mr Bara Mustafa

Ceased 25/04/2023

Mr Abdullah Dafir Albeyatti

Ceased 25/04/2023

Mr Mohammed Tayeb

Ceased 25/04/2023

CompanyRankvs 49097+ SIC 62012 peers
19

Financial strength0th percentile among SIC peers · 0/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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49097Medicalchain.Com Ltd
29
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.

Employees3/15 pts

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

Liquidity2/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

. This loss has been fully recognised in the financial statements for the year, ensuring the company’s financial position is presented fairly in accordance with applicable accounting standards. Going Concern The directors have assessed the company’s ability to continue as a going concern and have identified significant uncertainties that cast substantial doubt on its ability to do so.

Key FinancialsYear ending 31/12/2024

Net Worth

-£3.3M

Balance sheet strength

Cash

£530

Cash in the bank

Net Current Assets

-£3.5M

Working capital

Current Assets

£321k

Current Liabilities

£3.8M

Fixed Assets

£263k

Debtors

£321k

0avg. employees-7
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08-£51k
20230.11-£2.9M
20220.03+£857k
20210.09+£857k
20200.13+£161k
20200.09-£417k
20190.29-£768k
20180.57—

Derived from filed accounts. Not audited figures.