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Absolar Solutions Ltd

12322471

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

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

Details

THE ENGINEERING CENTRE UNIVERSITY PARKWAY, SOUTHAMPTON, SO16 7PT
Incorporated 19/11/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Dr Yue Wu

director · Since 19/11/2019

CHIEF EXECUTIVE

CHINESE · ENGLAND · Age 40

Also on 3 other boards

Mr Nicholas Cory

director · Since 14/07/2020

ACCOUNTANT

BRITISH · ENGLAND · Age 38

Also on 1 other board

Persons with Significant Control

Dr Yue Wu

75–100% shares
75–100% votes
Appoint directors

Chinese · England · Age 40

The Engineering Centre, University Parkway, Southampton, SO16 7PT

Notified 19/11/2019

CompanyRankvs 1063+ SIC 71122 peers
81

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.59× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 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.

Liquidity20/20 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

£452k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

Working capital

Current Assets

£630k

Current Liabilities

£176k

Fixed Assets

£67k

11avg. employees+1

Balance Sheet

Total assets£697k

EstimatesDerived

YearCurrent RatioImplied Profit
20243.59+£208k
20233.23+£69k
20223.24+£119k
20213.58
20202.05

Derived from filed accounts. Not audited figures.