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K Connect Ltd

12282256

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

CARR FARM, WITHERNSEA, HU19 2BZ
Incorporated 25/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Christopher Derick Kirkwood

director · Since 25/10/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 10 other boards

Persons with Significant Control

Mr Christopher Derick Kirkwood

75–100% shares
75–100% votes

British · England · Age 74

Carr Farm, Rimswell, Withernsea, HU19 2BZ

Notified 25/10/2019

CompanyRankvs 8731+ SIC 64209 peers
55

Financial strength88th percentile among SIC peers · 22/25
Employees59th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.15× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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8731K Connect Ltd
64
How is this score calculated?
Financial strength22/25 pts

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

Employees9/15 pts

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

Liquidity12/20 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

6. The financial statements have been prepared under the historical cost convention. Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the abil

Key FinancialsYear ending 31/10/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£6.7M

Cash in the bank

Net Current Assets

£974k

Working capital

Current Assets

£7.3M

Current Liabilities

£6.4M

Fixed Assets

£262k

Debtors

£650k

1avg. employees

Tax at Year End

Corp tax£30k
VAT£4k

Director Loans

Company owes directors£948

Balance Sheet

Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.15-£109k£87k
20231.23+£363k—
202213.04+£264k—
202134.00+£137k—
202081.65——

Derived from filed accounts. Not audited figures.