Titanbay Ltd
12175760
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 20/06/2025
Due 04/07/2026
Industry
Officers
director · Since 27/08/2019
PORTFOLIO MANAGER
FINNISH · ENGLAND · Age 48
Also on 1 other board
director · Since 01/04/2024
DIRECTOR
DANISH · PORTUGAL · Age 48
Also on 2 other boards
director · Since 13/11/2024
INVESTMENT PRINCIPAL
DUTCH · NETHERLANDS · Age 38
Persons with Significant Control
Mr Jussi Petteri Nyrola
Finnish · United Kingdom · Age 48
3rd Floor, Elsley House, London, W1W 8BF
Notified 27/08/2019
Former PSCs
Mr Jussi Nyrola
Ceased 27/08/2019
Mr Jussi Petteri Nyrola
Ceased 28/06/2022
Charges1 outstanding
BPC UK LENDING DAC
CompanyRankvs 17856+ SIC 64999 peers17
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
investment and/or increase in revenue. The Directors acknowledge that these circumstances represent material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern. However, they also note that the Company has successfully secured additional funding subsequent to the year end and expects to be able to obtain further funding in the future. On this b
Key FinancialsYear ending 31/12/2024
Net Worth
-£3.5M
Balance sheet strength
Cash
£654k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£1.8M
Fixed Assets
£60k
Debtors
£1.0M
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | — | -£6.4M |
| 2023 | — | +£1.1M |
| 2021 | — | +£1.2M |
| 2020 | 3.27 | — |
Derived from filed accounts. Not audited figures.