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Padel Xo Ltd

11743960

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
55 / 100

Notable Risks

25/30
Filing
10/30
Financial
20/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Active insolvency proceedings (-20)

Details

1 LONDON ROAD, IPSWICH, IP1 2HA
Incorporated 31/12/2018

Compliance

Last accounts

31/12/2023

total exemption full

Next accounts due

31/12/2025

Overdue

Confirmation statement

Last: 30/12/2025

Due 13/01/2027

On track

Industry

93110
Operation of sports facilities
93120
Activities of sport clubs
93199
Other amusement and recreation activities

Officers

Mr Maxwell Evans

director · Since 31/12/2018

ENTREPRENEUR

BRITISH · UNITED KINGDOM · Age 42

Persons with Significant Control

Mr Maxwell Evans

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 42

Kemp House, 160 City Road, London, EC1V 2NX

Notified 31/12/2018

The Sports Sphere Group Ltd

25–50% shares
25–50% votes

1, London Road, Ipswich, IP1 2HA

Reg: 09449085 · England & Wales · Private Company Limited By Shares

Notified 04/09/2025

Former PSCs

Sporting Futures Group Ltd

Ceased 04/09/2025

Insolvency History1 case

compulsory liquidation29/04/2026

The Official Receiver Or Nottingham (practitioner)

CompanyRankvs 4461+ SIC 93110 peers
26

Financial strength9th percentile among SIC peers · 2/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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4461Padel Xo Ltd
32
How is this score calculated?
Financial strength2/25 pts

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

Employees6/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2023

Net Worth

-£46k

Balance sheet strength

Cash

£21k

Cash in the bank

Net Current Assets

-£49k

Working capital

Current Assets

£69k

Current Liabilities

£118k

Fixed Assets

£3k

Debtors

£43k

1avg. employees

Tax at Year End

VAT£1k

Director Loans

Company owes directors£102k

Balance Sheet

Assets less current liabilities-£46k
Signed by Sporting Futures Group 18th October 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20230.59+£11k£25k
20210.35——

Derived from filed accounts. Not audited figures.