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Glu Ltd

12089686

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

CARDINAL HOUSE, RUISLIP, HA4 7GD
Incorporated 06/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Matthew John Fitzpatrick

director · Since 06/07/2019

DIRECTOR

IRISH · ENGLAND · Age 81

Also on 15 other boards

Mr Simon Bolderson

director · Since 19/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 55

Persons with Significant Control

Ishango Limited

25–50% shares
25–50% votes

126, Wordsworth Street, Hove, BN3 5BJ

Reg: 10466140 · Uk Register Of Companies · Private Company Limited By Shares

Notified 06/07/2019

Vgc Enterprises Limited

25–50% shares
25–50% votes

Cardinal House, Bury Street, Ruislip, HA4 7GD

Reg: 06812665 · Uk Register Of Companies · Private Company Limited By Shares

Notified 01/08/2020

Former PSCs

Vgc Group Limited

Ceased 01/08/2020

CompanyRankvs 41160+ SIC 62012 peers
30

Financial strength4th percentile among SIC peers · 1/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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41160Glu Ltd
35
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.

Liquidity6/20 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

nable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts with no material uncertainty. 2.3 Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company

Key FinancialsYear ending 31/07/2025

Net Worth

-£141k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£149k

Working capital

Current Assets

£1.8M

Current Liabilities

£2.0M

Fixed Assets

£8k

Debtors

£1.8M

2avg. employees+2

Tax at Year End(2024)

Corp tax£8k

Balance Sheet

Intangible assets£8k
Assets less current liabilities-£141k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20250.93-£192k
20241.40+£36k
20231.07—
20220.15—

Derived from filed accounts. Not audited figures.