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Reachdesk Ltd

11735697

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

86-90 PAUL STREET, LONDON, EC2A 4NE
Incorporated 19/12/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
82990
Other business support service activities

Officers

Mr Waleed Al-Atraqchi

director · Since 14/04/2023

EXECUTIVE

BRITISH · UNITED STATES · Age 62

Persons with Significant Control

Former PSCs

Mr Meelan Harish Radia

Ceased 18/08/2020

Mr Jay Radia

Ceased 18/08/2020

Reachdesk Holdings Inc.

Ceased 05/12/2023

Charges1 outstanding

Charge
outstanding

FIRST-CITIZENS BANK & TRUST COMPANY

Created 19/04/2023Registered 20/04/2023

CompanyRankvs 35670+ SIC 62012 peers
20

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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35670Reachdesk Ltd
39
How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

as they fall due. If this support was not provided then the entity would have material uncertainty, but there is no reason for the directors to believe this will not be provided. As a result the going concern basis is deemed appropriate. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on

Key FinancialsYear ending 31/01/2023

Net Worth

-£14.2M

Balance sheet strength

Cash

£2.9M

Cash in the bank

Net Current Assets

-£14.4M

Working capital

Current Assets

£7.2M

Current Liabilities

£21.7M

Fixed Assets

£284k

Debtors

£4.4M

92avg. employees+29

Balance Sheet

Assets less current liabilities-£14.2M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20230.33-£8.4M
20220.43-£3.9M
20210.54—

Derived from filed accounts. Not audited figures.