Flex Connection Ltd
11839852
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 21/02/2019
Persons with Significant Control
Mr Martin John Gilbert
British · United Kingdom · Age 61
The Old Granary, Church Road, Wellingborough, NN9 6BQ
Notified 21/02/2019
Memcon Holdings Limited
Flat 605-6, Westley Square, Kwun Tong
Reg: 65924051-000-03-17-8 · Hong Kong · Limited Company
Notified 25/02/2020
CompanyRankvs 922+ SIC 26110 peers37
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 28/02/2025
Net Worth
-£5k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£6k
Working capital
Current Assets
£39k
Current Liabilities
£45k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.87 | +£466 |
| 2024 | 0.85 | -£7k |
| 2023 | 1.02 | -£1k |
| 2022 | 1.14 | — |
Derived from filed accounts. Not audited figures.