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K2audio Ltd

11420302

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

UNIT 9 OLD HALL MILL OLD HALL MILLS BUSINESS PARK, DERBYSHIRE, DE21 5EJ
Incorporated 18/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26400
Manufacture of consumer electronics

Officers

Mr Mark Ian Fibiger

director · Since 18/06/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Mr Alan Robert Quinby

director · Since 18/06/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 1 other board

Persons with Significant Control

Mr Mark Ian Fibiger

25–50% shares
25–50% votes

British · United Kingdom · Age 73

Unit 9 Old Hall Mill, Old Hall Mills Business Park, Derbyshire, DE21 5EJ

Notified 18/06/2018

Mr Alan Robert Quinby

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Unit 9 Old Hall Mill, Old Hall Mills Business Park, Derbyshire, DE21 5EJ

Notified 18/06/2018

CompanyRankvs 643+ SIC 26400 peers
44

Financial strength16th percentile among SIC peers · 4/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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643K2audio Ltd
40
How is this score calculated?
Financial strength4/25 pts

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

Employees11/15 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.

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

Key FinancialsYear ending 31/05/2025

Net Worth

-£9k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

£12k

Current Liabilities

£18k

Fixed Assets

£881

Debtors

£9k

2avg. employees

Tax at Year End

VAT£3k

Director Loans

Company owes directors£12k

Balance Sheet

Intangible assets£500
Assets less current liabilities-£5k
Signed by Mr Alan Quinby 27/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.66+£0£54k
20250.66+£5k£54k
20240.73-£4k£46k
20231.03—£66k

Derived from filed accounts. Not audited figures.