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Loftyworks Ltd

12239915

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

BARTTELOT COURT, HORSHAM,, RH12 1DQ
Incorporated 02/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
63120
Web portals

Officers

Joseph Chen

director · Since 19/08/2022

CHIEF EXECUTIVE

AMERICAN · UNITED STATES · Age 56

Scott Stone

director · Since 01/07/2024

ACCOUNTANT

AMERICAN · UNITED STATES · Age 61

Persons with Significant Control

Mr Joseph Chen

75–100% shares
75–100% votes

American · United States · Age 56

45, W Buchanan Street, Phoenix, 85003

Notified 21/11/2025

Former PSCs

Mr Kurt Jonathan Lyall

Ceased 19/08/2022

Moatable Inc.

Ceased 21/11/2025

CompanyRankvs 39626+ SIC 62012 peers
31

Financial strength0th percentile among SIC peers · 0/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.61× · 16/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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39626Loftyworks Ltd
36
How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. At the balance sheet date, the company's liabilities exceeded its assets. The company has however received assurances from the parent company that they will give financial support to the

Key FinancialsYear ending 31/10/2024

Net Worth

-£3.9M

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

£43k

Working capital

Current Assets

£115k

Current Liabilities

£72k

Fixed Assets

£524k

Debtors

£83k

0avg. employees-13

Balance Sheet

Intangible assets£515k
Assets less current liabilities£567k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.61-£2.7M
20230.99-£1.4M
20222.00-£235k
202122.71—

Derived from filed accounts. Not audited figures.