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Explic8 Limited

12199740

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
65 / 100

Some Concerns

25/30
Filing
20/30
Financial
20/40
Risk
  • No accounts filed in last 18 months (-5)
  • Active insolvency proceedings (-20)

Details

MERRYDALE HOUSE, BRADFORD, BD4 6SE
Incorporated 10/09/2019

Compliance

Last accounts

30/09/2024

unaudited abridged

Next accounts due

30/06/2026

Overdue

Confirmation statement

Last: 01/08/2025

Due 15/08/2026

Overdue

Industry

70229
Management consultancy activities

Officers

Mr Ian Frederick Nicholls

director · Since 10/09/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 12 other boards

Mr Albert Friedle

director · Since 10/09/2019

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 4 other boards

Persons with Significant Control

Mr Ian Frederick Nicholls

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 74

1, Hardman Street, Manchester, M3 3HF

Notified 10/09/2019

Mr Albert Friedle

25–50% shares
25–50% votes
Appoint directors

British · England · Age 68

1, Hardman Street, Manchester, M3 3HF

Notified 10/09/2019

Former PSCs

Mr Niall Murray

Ceased 01/04/2025

Insolvency History1 case

creditors voluntary liquidation08/04/2026

Philip Lawrence (practitioner) · Gareth Howarth (practitioner)

CompanyRankvs 27815+ SIC 70229 peers
66

Financial strength93th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.88× · 16/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

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

Liquidity16/20 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.

Risk deductions

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/09/2024

Net Worth

£197k

Balance sheet strength

Cash

£40k

Cash in the bank

Net Current Assets

£193k

Working capital

Current Assets

£411k

Current Liabilities

£218k

Fixed Assets

£3k

Debtors

£371k

5avg. employees

Balance Sheet

Assets less current liabilities£197k

EstimatesDerived

YearCurrent RatioImplied Profit
20241.88+£32k
20232.43—

Derived from filed accounts. Not audited figures.