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Joint Operations Ltd

11817255

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT 11 BINCKNOLL LANE, SWINDON, SN4 8SY
Incorporated 11/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities
82990
Other business support service activities

Officers

Mr Simon Marc Coles

director · Since 11/02/2019

DIRECTOR

BRITISH · ENGLAND · Age 60

Mr Richard Mark Forster

director · Since 11/02/2019

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 8 other boards

Persons with Significant Control

Mr Richard Mark Forster

25–50% shares

British · United Kingdom · Age 50

Unit 15, Joint Operations, Unit 15, Royal Wootton Bassett, SN4 8SY

Notified 11/02/2019

Dr Laura Morgan Forster

25–50% shares

British · England · Age 49

Unit 15, Interface Business Park, Bincknoll Lane, Swindon, SN4 8SY

Notified 11/02/2019

Charges2 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 13/07/2022Registered 25/07/2022
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 28/05/2021Registered 03/06/2021

CompanyRankvs 8133+ SIC 74909 peers
54

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.25× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding 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.

Employees15/15 pts

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

Liquidity12/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

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 twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/03/2025

Turnover

£20.8M

Annual revenue

Net Worth

£1.0M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Profit Before Tax

£989k

Bottom line earnings

Net Current Assets

£2.3M

Working capital

Current Assets

£11.2M

Current Liabilities

£8.9M

Fixed Assets

£765k

Debtors

£6.6M

Cost of Sales

£16.6M

Gross Profit

£4.2M

Admin Expenses

£2.9M

Operating Profit

£1.3M

Profit After Tax

£669k

51avg. employees+7

Tax at Year End

Corp tax£185k
VAT£275k
Dividends paid£29k

Director Loans

Company owes directors£48k

People Costs

Wages & salaries£3.3M
NI contributions£358k

Balance Sheet

Assets less current liabilities£3.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.25+£840k£5.5M
20241.35+£173k
20231.29

Derived from filed accounts. Not audited figures.