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Finisterre One Limited

11755585

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

2 THE BEACONS, LOUGHTON, IG10 2SQ
Incorporated 08/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers
70100
Activities of head offices

Officers

Mr Sitki Gelmen

director · Since 08/01/2019

ENGINEER

BRITISH · ENGLAND · Age 40

Also on 4 other boards

Persons with Significant Control

Finisterre Hold Co Limited

75–100% shares
75–100% votes
Appoint directors

2, The Beacons, Loughton, IG10 2SQ

Reg: 16034582 · Companies House · Private Limited Company

Notified 30/10/2024

Former PSCs

Mr Sitki Gelmen

Ceased 30/10/2024

Charges1 outstanding

Charge
outstanding

C HOARE & CO

Created 29/05/2025Registered 29/05/2025

CompanyRankvs 1545+ SIC 66220 peers
60

Financial strength100th percentile among SIC peers · 25/25
Employees11th percentile among SIC peers · 2/15
LiquidityCurrent ratio 3.01× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees2/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/12/2024

Net Worth

£11.2M

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£187k

Working capital

Current Assets

£279k

Current Liabilities

£93k

Fixed Assets

£56

0avg. employees

Balance Sheet

Assets less current liabilities£11.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.01+£11.0M
20233.10+£662
20222.92+£80k
20211.67

Derived from filed accounts. Not audited figures.