Frictionless Holdings Limited
11758968
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/07/2024
CUSTOMER MARKETING MANAGER
AMERICAN · UNITED KINGDOM · Age 58
Persons with Significant Control
Ms Michele Lee Mcdowall
American · United Kingdom · Age 58
4 Cross Tree Centre, Caen Street, Braunton, EX33 1AA
Notified 10/01/2019
Former PSCs
Mr Alexander Francis Kleiner
Ceased 04/08/2025
Charges1 outstanding
ORTUS SECURED FINANCE I LIMITED
CompanyRankvs 57125+ SIC 74909 peers21
Show leaderboard
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£264k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£264k
Working capital
Current Assets
£2.0M
Current Liabilities
£2.3M
Fixed Assets
£2
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.88 | -£230k |
| 2024 | 0.88 | — |
| 2023 | 0.88 | — |
Derived from filed accounts. Not audited figures.