Transak Limited
11539646
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)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 27/08/2025
Due 10/09/2026
Industry
Officers
secretary · Since 20/10/2023
Persons with Significant Control
Transak, Inc.
251, Little Falls Drive, Wilmington
Reg: 7700164 · State Of Delaware · Inc.
Notified 16/09/2021
Former PSCs
Mr Sami James Start
Ceased 08/10/2020
CompanyRankvs 36915+ SIC 62012 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.
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
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going conce
Key FinancialsYear ending 31/12/2024
Turnover
£255.0M
Annual revenue
Net Worth
-£576k
Balance sheet strength
Cash
£1.0M
Cash in the bank
Profit Before Tax
-£15k
Bottom line earnings
Net Current Assets
-£582k
Working capital
Current Assets
£8.5M
Current Liabilities
£9.1M
Fixed Assets
£6k
Debtors
£4.2M
Cost of Sales
£251.0M
Gross Profit
£4.1M
Admin Expenses
£4.0M
Operating Profit
£584k
Profit After Tax
-£15k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.94 | +£0 |
| 2024 | 0.94 | -£591k |
| 2023 | 0.92 | +£669k |
| 2022 | 0.93 | -£734k |
| 2021 | 1.01 | — |
Derived from filed accounts. Not audited figures.