Symbiotec Ltd
12027814
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 03/06/2019
DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 7 other boards
director · Since 02/05/2024
DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 6 other boards
Persons with Significant Control
Mmc Holding International Ltd
3rd Floor, 86 - 90 Paul Street, London, EC2A 4NE
Reg: 12977802 · Companies House · Private Limited Company
Notified 11/12/2020
Former PSCs
Mr Oliver Benjamin Boyd
Ceased 11/12/2020
Miss Emma Jane Brogi
Ceased 11/12/2020
Mr Paul Gilligan
Ceased 11/12/2020
Charges1 outstanding
INNOVATEUK LOANS LIMITED
CompanyRankvs 7033+ SIC 46190 peers19
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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
labour efficiency and capacity are completed, with the objective of moving the trading entities, including Symbiotec Ltd, towards profitability during 2026. The company's ability to continue as a going concern is, however, dependent on the successful delivery of these operational improvements, the conversion of its sales pipeline into profitable contracts, the continued availability of funding
Key FinancialsYear ending 31/12/2024
Net Worth
-£7.0M
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£7.5M
Working capital
Current Assets
£1.7M
Current Liabilities
£9.3M
Fixed Assets
£511k
Debtors
£1.4M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.19 | -£1.7M |
| 2023 | 0.18 | -£1.7M |
| 2022 | 0.13 | -£2.4M |
| 2021 | 0.27 | -£713k |
| 2021 | 0.40 | -£583k |
| 2020 | 0.94 | — |
Derived from filed accounts. Not audited figures.