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Novoic Ltd

12032342

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

NOVOIC LTD LABS TRIANGLE, STABLES MARKET, LONDON, NW1 8AB
Incorporated 04/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Emil Fristed

director · Since 04/06/2019

CHIEF EXECUTIVE OFFICER

DANISH · ENGLAND · Age 31

Also on 1 other board

Dr Jack Anthony Weston

director · Since 04/06/2019

CHIEF TECHNOLOGY OFFICER

BRITISH · UNITED KINGDOM · Age 33

Mr Alexander John Mayall

director · Since 08/11/2024

INVESTMENT PRINCIPAL

BRITISH · UNITED KINGDOM · Age 35

Also on 1 other board

Persons with Significant Control

Mr Emil Fristed

25–50% shares
25–50% votes

Danish · England · Age 31

66, Paul Street, London, EC2A 4NA

Notified 04/06/2019

Dr Jack Anthony Weston

25–50% shares
25–50% votes

British · United Kingdom · Age 33

66, Paul Street, London, EC2A 4NA

Notified 04/06/2019

CompanyRankvs 20940+ SIC 62012 peers
56

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 12.56× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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20940Novoic Ltd
56
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 30/06/2024

Net Worth

-£989k

Balance sheet strength

Cash

£861k

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£1.5M

Current Liabilities

£121k

Fixed Assets

£2k

Debtors

£658k

6avg. employees+1

Balance Sheet

Assets less current liabilities£1.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
202412.56-£768k
202332.15—

Derived from filed accounts. Not audited figures.