Polymath Creation Ltd
11600381
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
unaudited abridged
Next accounts due
31/07/2026
Confirmation statement
Last: 01/10/2025
Due 15/10/2026
Industry
Officers
Persons with Significant Control
Polymath Industries Ltd
Soho Works, 180 Strand, London, WC2R 1EA
Reg: 16045434 · Register Of Companies · Limited Liability Company
Notified 04/12/2024
Former PSCs
Mr Jack Arrowsmith
Ceased 04/12/2024
Change History
Active
Private Limited Company
SOHO WORKS
LONDON
CompanyRankvs 10802+ SIC 73110 peers50
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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
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc
Key FinancialsYear ending 31/10/2025
Net Worth
£8k
Balance sheet strength
Cash
£23k
Cash in the bank
Net Current Assets
-£1k
Working capital
Current Assets
£46k
Current Liabilities
£48k
Fixed Assets
£9k
Debtors
£23k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.97 | -£12k |
| 2023 | 3.17 | — |
Derived from filed accounts. Not audited figures.