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Korbiecore Ltd.

11868014

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
53 / 100

Notable Risks

25/30
Filing
10/30
Financial
18/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

40 PATRICK ROAD, CORBY, NN18 9NB
Incorporated 07/03/2019

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 06/03/2026

Due 20/03/2027

On track

Industry

26512
Manufacture of electronic industrial process control equipment

Officers

Mrs Christine Joy Gray

director · Since 07/03/2019

BUSINESSWOMAN

BRITISH · UNITED KINGDOM · Age 71

Persons with Significant Control

Mrs Christine Joy Gray

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

British · United Kingdom · Age 71

C/O Btg Begbies Traynor(Central)Llp 2, Harcourt Way, Leicester, LE19 1WP

Notified 07/03/2019

Charges1 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LIMITED

Created 01/08/2019Registered 05/08/2019

Insolvency History1 case

creditors voluntary liquidation04/06/2026

Thomas Harris (practitioner) · Carolynn Jean Best (practitioner)

CompanyRankvs 634+ SIC 26512 peers
17

Financial strength2th percentile among SIC peers · 1/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.45× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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

Insolvency history: -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

-£94k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£95k

Working capital

Current Assets

£79k

Current Liabilities

£174k

Fixed Assets

£16k

5avg. employees

Balance Sheet

Assets less current liabilities-£79k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.45-£35k
20240.62+£36k
20230.37

Derived from filed accounts. Not audited figures.