The Simple Folk Ltd
11487466
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/07/2018
ENTREPRENEUR
BRITISH · UNITED KINGDOM · Age 42
Also on 2 other boards
Persons with Significant Control
Illuminae Limited
First Floor, Templeback, 10 Temple Back, Bristol, BS1 6FL
Reg: 10437161 · Companies House · Limited Company
Notified 20/09/2021
Former PSCs
Mr Rohit Nair
Ceased 10/08/2021
Mr Lucas Morea
Ceased 08/09/2021
CompanyRankvs 4236+ SIC 46160 peers33
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2023
Net Worth
-£5.5M
Balance sheet strength
Cash
£16k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£830k
Current Liabilities
£6.3M
Debtors
£381k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.13 | -£411k |
| 2022 | 0.27 | -£1.8M |
| 2021 | 0.44 | -£1.2M |
| 2020 | 0.44 | -£1.6M |
| 2019 | 0.56 | — |
Derived from filed accounts. Not audited figures.