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Logik Wte Limited

11124165

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

VANTAGE HOUSE EUXTON LANE, CHORLEY, PR7 6TB
Incorporated 22/12/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Neil David Spencer

director · Since 22/12/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 6 other boards

Mr Tony Bhatti

director · Since 05/06/2020

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 8 other boards

Persons with Significant Control

Logik Developments Limited

75–100% shares
75–100% votes

Vantage House, Euxton Lane, Chorley, PR7 6TB

Reg: 07028940 · England And Wales · Private Limited Company

Notified 22/12/2017

Charges1 outstanding

Charge
outstanding

OCTOPUS REAL ESTATE S.À R.L

Created 12/12/2022Registered 19/12/2022
Charge
satisfied

PBSA GROUP HOLDINGS S.� R.L.

Created 23/12/2020Registered 06/01/2021Satisfied 15/11/2022
Charge
satisfied

PROPLEND SECURITY LIMITED

Created 23/11/2018Registered 29/11/2018Satisfied 06/01/2021
Charge
satisfied

PROPLEND SECURITY LIMITED

Created 23/11/2018Registered 29/11/2018Satisfied 06/01/2021

CompanyRankvs 60764+ SIC 41100 peers
30

Financial strength3th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity8 years trading (max 15) · 8/15
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.

Employees10/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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 30/03/2025

Net Worth

-£251k

Balance sheet strength

Cash

£362k

Cash in the bank

Net Current Assets

-£251k

Working capital

Current Assets

£3.9M

Current Liabilities

£4.2M

Debtors

£3.6M

2avg. employees

Balance Sheet

Assets less current liabilities-£251k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.94-£3.0M
20240.03+£2k
20230.04-£22k
20220.02+£1.7M
20210.03

Derived from filed accounts. Not audited figures.