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Duffel Technology Ltd

11188295

active
Private Limited Company
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)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

3RD FLOOR, LONDON, EC2A 4TP
Incorporated 05/02/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Steve David Domin

director · Since 05/02/2018

DIRECTOR

FRENCH · FRANCE · Age 36

Persons with Significant Control

Mr Steve David Domin

Significant control

French,British · England · Age 36

3rd Floor, Clifton Street, London, EC2A 4TP

Notified 05/02/2018

Duffel Technology Inc

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

3500 S Dupont Hwy, Dover, 19901

Reg: 6900135 · Duffel Technology Inc · Incorporation

Notified 24/05/2018

Former PSCs

Thomas Edward Christopher Bates

Ceased 24/05/2018

Vincent Pastor

Ceased 24/05/2018

Charges2 outstanding

Charge
outstanding

HSBC INNOVATION BANKING

Created 14/03/2025Registered 17/03/2025
Charge
outstanding

HSBC INNOVATION BANKING

Created 14/03/2025Registered 17/03/2025
Charge
satisfied

HSBC INNOVATION BANKING

Created 06/11/2023Registered 16/11/2023Satisfied 14/11/2024
Charge
satisfied

HSBC INNOVATION BANKING

Created 06/11/2023Registered 16/11/2023Satisfied 15/11/2024
Charge
satisfied

SILICON VALLEY BANK.

Created 30/01/2020Registered 04/02/2020Satisfied 26/01/2022

CompanyRankvs 38462+ SIC 62090 peers
24

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.53× · 6/20
Longevity8 years trading (max 15) · 8/15
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.

Employees15/15 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

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

not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and Parent 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 director with respect to going conc

Key FinancialsYear ending 31/12/2023

Net Worth

-£33.7M

Balance sheet strength

Cash

£3.1M

Cash in the bank

Net Current Assets

-£35.1M

Working capital

Current Assets

£40.4M

Current Liabilities

£75.5M

Fixed Assets

£1.4M

Debtors

£37.2M

Profit After Tax

-£9.7M

53avg. employees-25

Balance Sheet

Intangible assets£7k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20230.53-£13.3M
20220.37

Derived from filed accounts. Not audited figures.