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Ix Wireless Limited

11009144

active
Private Limited Company
england wales
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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

RIBBLE HOUSE, BLACKBURN, BB1 5RB
Incorporated 12/10/2017

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 11/10/2025

Due 25/10/2026

On track

Industry

61200
Wireless telecommunications activities
61900
Other telecommunications activities

Officers

Mr Philip Andrew Walker

director · Since 12/10/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Also on 10 other boards

Mr Michael Ellwood

director · Since 13/01/2021

NON-EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 10 other boards

Persons with Significant Control

Cohiba Communications Limited

75–100% shares

Lockside Office Park, Lockside Road, Preston, PR2 2YS

Reg: 12498967 · Companies House · Limited Company

Notified 31/03/2020

Charges2 outstanding

Charge
outstanding

KROLL TRUSTEE SERVICES LIMITED AS SECURITY TRUSTEE

Created 18/07/2023Registered 24/07/2023
Charge
outstanding

RAMIIF HOLDCO NO.2 LIMITED AS LENDER

Created 20/07/2022Registered 21/07/2022

CompanyRankvs 912+ SIC 61200 peers
44

Financial strength100th percentile among SIC peers · 25/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.47× · 2/20
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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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2022

Turnover

£420k

Annual revenue

Net Worth

£49.9M

Balance sheet strength

Cash

£878k

Cash in the bank

Profit Before Tax

-£3.4M

Bottom line earnings

Net Current Assets

-£1.4M

Working capital

Current Assets

£1.3M

Current Liabilities

£2.7M

Fixed Assets

£62.0M

Debtors

£418k

Cost of Sales

£582k

Gross Profit

-£163k

Admin Expenses

£3.2M

Profit After Tax

-£3.4M

4avg. employees-85

People Costs

Wages & salaries£518k
NI contributions£31k

Balance Sheet

Intangible assets£1.5M
Assets less current liabilities£60.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20220.47+£12.7M
20211.34+£22.5M
201918.19
20180.16

Derived from filed accounts. Not audited figures.