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Correlation Machines Ltd

12207315

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

THE VICARAGE CHURCH CLOSE, GLASTONBURY, BA6 8SH
Incorporated 13/09/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62090
Other information technology service activities

Officers

Mr Brian Christopher Mcgrady

director · Since 13/09/2019

CHIEF KNOWLEDGE OFFICER

BRITISH · ENGLAND · Age 61

Also on 1 other board

Mr Syed Manzoor Ahmad Hashmi

director · Since 14/09/2022

SOFTWARE DEVELOPER

BRITISH · ENGLAND · Age 68

Also on 4 other boards

Persons with Significant Control

Mr Brian Christopher Mcgrady

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

British · England · Age 61

The Vicarage, Church Close, Glastonbury, BA6 8SH

Notified 13/09/2019

Mr Syed Manzoor Ahmad Hashmi

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

British · England · Age 68

72, South Croxted Road, London, SE21 8BD

Notified 13/09/2019

CompanyRankvs 47744+ SIC 62012 peers
31

Financial strength11th percentile among SIC peers · 3/25
Employees43th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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47744Correlation Machines Ltd
30
How is this score calculated?
Financial strength3/25 pts

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

Employees6/15 pts

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

Liquidity0/20 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 30/11/2024

Net Worth

-£10k

Balance sheet strength

Cash

£206

Cash in the bank

Net Current Assets

-£10k

Working capital

Current Assets

—

Current Liabilities

£11k

1avg. employees
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
2024—-£3k
20230.28+£0
20220.73-£2k

Derived from filed accounts. Not audited figures.