Olitool Ltd
12115543
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/07/2019
COMPANY DIRECTOR
AMERICAN · ENGLAND · Age 68
Also on 3 other boards
director · Since 22/07/2019
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 72
Also on 1 other board
Persons with Significant Control
Ms Elizabeth Ann Erickson
American · England · Age 68
Cambridge House, 16 High Street, Saffron Walden, CB10 1AX
Notified 22/07/2019
Ms Deborah Werbner
British · England · Age 72
Cambridge House, 16 High Street, Saffron Walden, CB10 1AX
Notified 22/07/2019
CompanyRankvs 55479+ SIC 62090 peers29
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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 31/12/2024
Net Worth
-£14k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£54k
Working capital
Current Assets
£2k
Current Liabilities
£55k
Fixed Assets
£40k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.03 | -£46k |
| 2023 | 0.82 | -£5k |
| 2022 | 0.87 | -£5k |
| 2021 | 0.82 | +£50k |
| 2020 | 0.00 | — |
Derived from filed accounts. Not audited figures.