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Flowsets Limited

12105938

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)
  • Going concern doubt noted in accounts (-10)

Details

128 CITY ROAD, LONDON, EC1V 2NX
Incorporated 16/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62011
Ready-made interactive leisure and entertainment software development
62012
Business and domestic software development
62020
Information technology consultancy activities
63110
Data processing, hosting and related activities

Officers

Mr Sebastian Nicolae Badea

director · Since 16/07/2019

PROFESSIONAL

ROMANIAN · ROMANIA · Age 40

Mr Ion Cristian Badea

secretary · Since 21/12/2020

Also on 1 other board

Mr Ion Cristian Badea

director · Since 21/12/2020

MANAGING DIRECTOR

ROMANIAN · ROMANIA · Age 43

Also on 1 other board

Persons with Significant Control

Mr Sebastian Nicolae Badea

25–50% shares
50–75% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

Romanian · Romania · Age 40

7, Brosteni, Buzau, 120075

Notified 21/12/2020

Mr Ion Cristian Badea

25–50% shares
50–75% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

Romanian · Romania · Age 43

16, Frasinet, Buzau, 120051

Notified 21/12/2020

Former PSCs

Mr Florin Mihai Caminschi

Ceased 21/12/2020

Catalin Strat

Ceased 21/12/2020

Sebastian Nicolae Badea

Ceased 05/11/2020

Ion Cristian Badea

Ceased 05/11/2020

CompanyRankvs 2773+ SIC 62011 peers
37

Financial strength7th percentile among SIC peers · 2/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 106× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength2/25 pts

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

Employees3/15 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.

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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/07/2025

Net Worth

-£30k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

-£30k

Working capital

Current Assets

£30k

Current Liabilities

£279

Fixed Assets

£122

Debtors

£54k

0avg. employees

Balance Sheet

Assets less current liabilities-£30k
Signed by Mr I Badea,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
2025106.00-£47k
2024+£8k
2023-£8k
2022+£14k
2021-£435
20202.08

Derived from filed accounts. Not audited figures.