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Plata Capital Limited

10958599

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 4 outstanding charges (-8)

Details

C/O MISHCON DE REYA AFRICA HOUSE, LONDON, WC2B 6AH
Incorporated 12/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mr Vroon Modgill

director · Since 12/09/2017

CEO

BRITISH · ENGLAND · Age 39

Lincoln Isetta

director · Since 23/04/2024

INVESTOR

AMERICAN · UNITED STATES · Age 49

Also on 1 other board

Mr Gary Marino

director · Since 23/04/2024

EARLY STAGE INVESTOR

AMERICAN · UNITED STATES · Age 70

Also on 1 other board

Mr Gaurav Modgill

director · Since 23/04/2024

CHIEF OPERATING OFFICER

BRITISH · UNITED KINGDOM · Age 45

Also on 1 other board

Persons with Significant Control

Fintech Acquisition Limited

75–100% shares
75–100% votes
Appoint directors

Mishcon De Reya, Africa House, London, WC2B 6AH

Reg: 15601078 · Companies House · Private Limited Company

Notified 23/04/2024

Former PSCs

Mr Vroon Modgill

Ceased 23/04/2024

Charges4 outstanding

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outstanding

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Charge
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CompanyRankvs 11826+ SIC 64999 peers
42

Financial strength3th percentile among SIC peers · 1/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.2× · 12/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 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.

Liquidity12/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£121k

Balance sheet strength

Cash

£18.0M

Cash in the bank

Net Current Assets

£4.0M

Working capital

Current Assets

£24.3M

Current Liabilities

£20.3M

Fixed Assets

£2.2M

Debtors

£6.2M

Profit After Tax

-£1.1M

20avg. employees+9

Balance Sheet

Intangible assets£19k
Assets less current liabilities£6.1M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.20+£763k
20231.31-£3.1M
20212.02

Derived from filed accounts. Not audited figures.