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Bidx1 (Uk) Limited

11108272

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

HENRY WOOD HOUSE, LONDON, W1B 3DG
Incorporated 12/12/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68310
Real estate agencies

Officers

Mr Jonathan Fenn

director · Since 22/03/2023

DIRECTOR

IRISH · IRELAND · Age 41

Also on 3 other boards

Mr Jonathan Fenn

secretary · Since 28/11/2024

Also on 3 other boards

Mr Mark Horgan

director · Since 28/11/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Bidx1 Limited

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

Kemp House, 160 City Road, London, EC1V 2NX

Reg: 11003002 · Companies House · Corporate

Notified 12/12/2017

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 13/02/2024Registered 20/02/2024

CompanyRankvs 17771+ SIC 68310 peers
20

Financial strength0th percentile among SIC peers · 0/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.14× · 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 strength0/25 pts

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

Employees14/15 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

4) Stephen McCarthy (resigned 22 March 2023) Michael Patrick Murphy (resigned 22 March 2023) Neither director held any interests in the company at the beginning or end of the year, or the prior year. Going concern The Company’s ability to continue as a going concern for the foreseeable future is dependent on the continuation of Bidx1 Acquisitions Group. Pollen Street Capital, the Group’s principal

Key FinancialsYear ending 31/12/2023

Turnover

£3.9M

Annual revenue

Net Worth

-£4.3M

Balance sheet strength

Cash

£422k

Cash in the bank

Profit Before Tax

£324k

Bottom line earnings

Net Current Assets

-£4.3M

Working capital

Current Assets

£698k

Current Liabilities

£5.0M

Fixed Assets

£1k

Debtors

£276k

Cost of Sales

£2.2M

Gross Profit

£1.6M

Admin Expenses

£1.3M

Operating Profit

£324k

10avg. employees

Balance Sheet

Assets less current liabilities-£4.3M
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20230.14

Derived from filed accounts. Not audited figures.