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Picocom Technology Limited

11497275

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

1ST FLOOR, BRISTOL, BS1 4PB
Incorporated 02/08/2018

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 01/08/2025

Due 15/08/2026

On track

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Mr Anthony Peter John Claydon

director · Since 02/08/2018

CHARTERED ENGINEER

BRITISH · ENGLAND · Age 64

Mr Yingbo Jiang

director · Since 17/12/2018

ELECTRICAL ENGINEER

CANADIAN · CHINA · Age 61

Velocity Company Secretarial Services Limited

secretary · Since 20/03/2019

BRITISH

Also on 197 other boards

Persons with Significant Control

Former PSCs

Mr Anthony Peter John Claydon

Ceased 06/06/2019

Mr William Philip Robbins

Ceased 06/06/2019

CompanyRankvs 1580+ SIC 71122 peers
73

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.21× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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158Picocom Technology Limited
83
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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.

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

associated with these projections. Until a binding commitment for additional funding is secured, a material uncertainty exists that could significantly impact the company's ability to continue as a going concern. The directors are confident that the group will successfully obtain additional funding from investors and increase sales. The parent company has provided a supporting letter confirming

Key FinancialsYear ending 31/12/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£287k

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£2.6M

Current Liabilities

£1.2M

Fixed Assets

£20k

Debtors

£177k

14avg. employees-17
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20242.21-£884k
20233.23-£3.0M
20227.81+£3.9M
20211.04-£1.3M
20202.36+£1.9M
20190.66—

Derived from filed accounts. Not audited figures.