Circtec Ltd.
11469773
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/07/2018
COMPANY DIRECTOR
BRITISH · UNITED ARAB EMIRATES · Age 48
director · Since 06/10/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 34 other boards
Persons with Significant Control
Former PSCs
Mr Edward Allen Timpany
Ceased 01/05/2024
Mr Haim Judah Michael Levy
Ceased 01/05/2024
Charges1 outstanding
BUSINESS SYSTEMS CONSULTANTS LIMITED
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CompanyRankvs 376380+ SIC 64209 peers20
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 directors with respect to going concern are d
Key FinancialsYear ending 31/12/2023
Net Worth
-£18.4M
Balance sheet strength
Cash
£129k
Cash in the bank
Profit Before Tax
-£12.5M
Bottom line earnings
Net Current Assets
-£17.0M
Working capital
Current Assets
£1.5M
Current Liabilities
£18.5M
Fixed Assets
£2.9M
Debtors
£1.4M
Admin Expenses
£9.5M
Profit After Tax
-£12.3M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.08 | -£18.1M |
| 2021 | 1.22 | -£387k |
| 2020 | 1.13 | — |
Derived from filed accounts. Not audited figures.