Simplify Workforce Limited
12156159
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Manoj Agarwal
American · England · Age 52
C/O 1 Peel Drive, Clayhall, Ilford, IG5 0JR
Notified 14/08/2019
Manoj Agarwal
American · United States · Age 52
Pratik Accountancy Services, 1 Peel Drive, Ilford, IG5 0JR
Notified 14/08/2019
CompanyRankvs 84832+ SIC 62020 peers42
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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
-£184k
Balance sheet strength
Cash
£12k
Cash in the bank
Net Current Assets
-£184k
Working capital
Current Assets
£487k
Current Liabilities
£671k
Debtors
£475k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.73 | +£14k |
| 2023 | 0.77 | +£12k |
| 2023 | 0.72 | -£1k |
| 2022 | 0.53 | +£1k |
| 2021 | 0.00 | — |
Derived from filed accounts. Not audited figures.