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Novus Pay Limited

11473837

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

TRUST HOUSE, BRADFORD, BD1 5LL
Incorporated 19/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Hernake Singh Mehat

director · Since 01/06/2021

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 5 other boards

Persons with Significant Control

Mr Hernake Singh Mehat

75–100% shares

British · United Kingdom · Age 49

Trust House, 5 New Augustus Street, Bradford, BD1 5LL

Notified 22/12/2023

Former PSCs

Hernake Singh Mehat

Ceased 22/12/2023

CompanyRankvs 37341+ SIC 62012 peers
43

Financial strength2th percentile among SIC peers · 1/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 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 31/07/2024

Net Worth

-£467k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£987

Working capital

Current Assets

£39k

Current Liabilities

£41k

Fixed Assets

£15k

3avg. employees

Balance Sheet

Assets less current liabilities£14k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20240.95-£42k
20231.05-£104k
20223.41-£33k
20213.58-£89k
202017.66-£80k
201922.21

Derived from filed accounts. Not audited figures.