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Iteam It Solutions Limited

12128187

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

FLAT 2, LONDON, E11 3DJ
Incorporated 29/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Sanesh Kumar Vellacherry

director · Since 14/02/2020

CUSTOMER SERVICE EXECUTIVE

INDIAN · ENGLAND · Age 41

Also on 1 other board

Persons with Significant Control

Mr Sanesh Kumar Vellacherry

75–100% shares
75–100% votes
Appoint directors

Indian · England · Age 41

Flat 2, 55 Malvern Road, London, E11 3DJ

Notified 14/02/2020

Former PSCs

Mr Sanal Melanchery Krishnan

Ceased 14/02/2020

CompanyRankvs 87267+ SIC 62020 peers
37

Financial strength4th percentile among SIC peers · 1/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.12× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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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.

Employees2/15 pts

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

Liquidity12/20 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 31/07/2023

Net Worth

-£34k

Balance sheet strength

Cash

£12

Cash in the bank

Net Current Assets

£4k

Working capital

Current Assets

£39k

Current Liabilities

£34k

Fixed Assets

£450

Debtors

£39k

0avg. employees-1

Balance Sheet

Bank loans & overdrafts£39k
Assets less current liabilities£5k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20231.12-£178
20221.12-£17k
20213.91
20201.22

Derived from filed accounts. Not audited figures.