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Xr Holdings Limited

11750964

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

2 LEMAN STREET, LONDON, E1W 9US
Incorporated 04/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Robert Alexander Mcnae

director · Since 04/01/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 52

Mr Murray Valene

director · Since 07/03/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 86

Also on 1 other board

Persons with Significant Control

Mr Robert Alexander Mcnae

25–50% shares
25–50% votes

American · United States · Age 52

Level 5, Grove House, 248a Marylebone Road, London, NW1 6BB

Notified 07/03/2019

Mr Murray Valene

25–50% shares
25–50% votes

American · United States · Age 86

Level 5, Grove House, 248a Marylebone Road, London, NW1 6BB

Notified 07/03/2019

Former PSCs

Mr Robert Alexander Mcnae

Ceased 07/03/2019

Charges0 outstanding

Charge
satisfied

JPMORGAN CHASE BANK, N.A.

Created 30/12/2021Registered 04/01/2022Satisfied 27/03/2026
Charge
satisfied

JPMORGAN CHASE BANK, N.A.

Created 30/12/2021Registered 04/01/2022Satisfied 27/03/2026

CompanyRankvs 55418+ SIC 64209 peers
15

Financial strength1th percentile among SIC peers · 0/25
Employees18th percentile among SIC peers · 3/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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55418Xr Holdings Limited
25
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.

Employees3/15 pts

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

Liquidity0/20 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

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

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern We draw attention to note 1.4 in the financial statements, which states that the group is reliant on the renewal of a revolving credit facility with JP Morgan Chase Bank which amounts to

Key FinancialsYear ending 31/12/2024

Net Worth

-£9.6M

Balance sheet strength

Cash

£2.7M

Cash in the bank

Net Current Assets

-£9.6M

Working capital

Current Assets

—

Current Liabilities

£9.6M

Fixed Assets

£2.5M

Debtors

£7.3M

Cost of Sales

£33.5M

Admin Expenses

£9.4M

Profit After Tax

-£1.8M

0avg. employees-2

Tax at Year End

Corp tax£174k

People Costs

Wages & salaries£3.2M

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£6.0M
Assets less current liabilities-£7.1M
Prepared with CCH Software

EstimatesDerived

YearImplied Profit
2024-£1.4M
2023-£250k
2022-£9.4M
2021+£392k

Derived from filed accounts. Not audited figures.