Xchange Finance Limited
11454223
Some Concerns
- 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)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Matthias Gerard Boulliung
French · Latvia · Age 38
4th Floor, 1 Cowcross Street, London, EC1M 6DR
Notified 06/02/2024
Former PSCs
Mr Andrei Sazonov
Ceased 28/01/2019
Ms Hanna Minhazava
Ceased 29/11/2019
Andrey Myslivtsev
Ceased 06/02/2024
Kirils Cehovals
Ceased 01/10/2025
CompanyRankvs 3552+ SIC 64999 peers65
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to Note 3, 'Going concern', in the financial statements, which indicates that the company is dependent on the ongoing financial support of its shareholders to meet its
Key FinancialsYear ending 31/12/2024
Turnover
£1k
Annual revenue
Net Worth
£338k
Balance sheet strength
Cash
£368k
Cash in the bank
Profit Before Tax
-£118k
Bottom line earnings
Net Current Assets
£338k
Working capital
Current Assets
£380k
Current Liabilities
£42k
Debtors
£12k
Cost of Sales
£6k
Gross Profit
-£5k
Admin Expenses
£113k
Operating Profit
-£118k
Profit After Tax
-£118k
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 9.01 | +£0 |
| 2024 | 9.01 | +£204k |
| 2023 | 21.23 | +£25k |
| 2022 | 1.39 | -£206k |
| 2021 | 253.32 | — |
Derived from filed accounts. Not audited figures.