Picocom Technology Limited
11497275
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2025
small
Next accounts due
30/09/2027
Confirmation statement
Last: 01/08/2026
Due 15/08/2027
Industry
Officers
secretary · Since 20/03/2019
BRITISH
Also on 197 other boards
corporate secretary · Since 20/03/2019
Reg: 2340722
Also on 197 other boards
Former
director · Resigned 05/03/2025
Persons with Significant Control
Former PSCs
Mr Anthony Peter John Claydon
Ceased 06/06/2019
Mr William Philip Robbins
Ceased 06/06/2019
Change History
Active
Private Limited Company
1ST FLOOR
BRISTOL
CompanyRankvs 753+ SIC 71122 peers72
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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
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 it
Key FinancialsYear ending 31/12/2025
Net Worth
£1.5M
Balance sheet strength
Cash
£212k
Cash in the bank
Net Current Assets
£1.5M
Working capital
Current Assets
£1.9M
Current Liabilities
£359k
Fixed Assets
£3k
Debtors
£411k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.21 | +£82k |
| 2024 | 2.21 | -£884k |
| 2023 | 3.23 | — |
Derived from filed accounts. Not audited figures.