2nd Term Ltd
12073502
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
30/06/2024
total exemption full
Next accounts due
28/03/2026
Confirmation statement
Last: 15/07/2025
Due 29/07/2026
Industry
Officers
director · Since 27/06/2019
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 6 other boards
Persons with Significant Control
Mr Kulvinder Singh Uppal
British · England · Age 58
352, Bearwood Road, Birmingham, B66 4ET
Notified 27/06/2019
CompanyRankvs 22390+ SIC 56302 peers32
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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 30/06/2024
Net Worth
-£63k
Balance sheet strength
Cash
£21k
Cash in the bank
Net Current Assets
-£28k
Working capital
Current Assets
£35k
Current Liabilities
£64k
Debtors
£9k
Tax at Year End
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.56 | +£0 |
| 2024 | 0.56 | -£18k |
| 2023 | 0.89 | -£39k |
| 2022 | 2.60 | -£17k |
| 2021 | 2.99 | — |
| 2020 | 0.70 | — |
Derived from filed accounts. Not audited figures.