Sedna Systems Europe Limited
11756188
Notable Risks
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/01/2019
DIRECTOR
CANADIAN · UNITED KINGDOM · Age 53
Also on 5 other boards
Persons with Significant Control
Sedna Communications Ltd
10, John Street, London, WC1N 2EB
Reg: 13367033 · Companies House · Private Limited Company
Notified 31/12/2021
Former PSCs
William Francis Dobie
Ceased 17/01/2022
Sedna Systems Pte. Ltd.
Ceased 08/01/2019
Charges4 outstanding
CANADIAN IMPERIAL BANK OF COMMERCE (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN
HSBC INNOVATION BANKING
HSBC INNOVATION BANKING
HSBC INNOVATION BANKING
CompanyRankvs 27302+ SIC 62012 peers32
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months and 1 day from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to g
Key FinancialsYear ending 31/05/2024
Turnover
£10.6M
Annual revenue
Net Worth
£100
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£4.4M
Bottom line earnings
Net Current Assets
—
Working capital
Current Assets
£17.9M
Current Liabilities
£29.8M
Debtors
£47k
Admin Expenses
£12.6M
Operating Profit
-£4.3M
Profit After Tax
-£4.4M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.60 |
| 2021 | 1.06 |
| 2020 | 0.99 |
| 2019 | 0.67 |
Derived from filed accounts. Not audited figures.