Third Equation Ltd
12188439
Some Concerns
- Negative net worth (-10)
- 6 outstanding charges (-10)
Details
Compliance
Last accounts
31/03/2025
small
Next accounts due
31/12/2026
Confirmation statement
Last: 19/08/2025
Due 02/09/2026
Industry
Officers
Persons with Significant Control
Michael Fitzpatrick
Australian · Australia · Age 73
2/88, Collins Street, Melbourne
Notified 07/08/2020
Former PSCs
Mr James William Brooks
Ceased 29/10/2019
Charges6 outstanding
PELHAM PLACE PTY LTD
PELHAM PLACE PTY LTD
HFM INVESTMENTS PTY LTD
HFM INVESTMENTS PTY LTD
HFM INVESTMENTS PTY LTD
HFM INVESTMENTS PTY LTD
HFM INVESTMENTS PTY LTD
CompanyRankvs 389+ SIC 27120 peers28
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£10.7M
Balance sheet strength
Cash
£25k
Cash in the bank
Net Current Assets
£98k
Working capital
Current Assets
£422k
Current Liabilities
£324k
Fixed Assets
£478k
Debtors
£398k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.30 | -£3.8M |
| 2024 | 3.52 | +£2.5M |
| 2023 | 0.24 | -£6.1M |
| 2021 | 0.62 | -£2.4M |
| 2020 | 22.44 | — |
Derived from filed accounts. Not audited figures.