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Purch It Limited

12354147

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

TUSPARK EAGLE LAB, MAYBROOK HOUSE, NEWCASTLE UPON TYNE, NE1 5JE
Incorporated 09/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Justine Jae Edlagan

director · Since 09/12/2019

DIRECTOR

FILIPINO · ENGLAND · Age 32

Also on 1 other board

Miss Katy Joy Hackers

director · Since 31/08/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 32

Also on 1 other board

Persons with Significant Control

Mr Justine Jae Edlagan

50–75% shares
50–75% votes
Appoint directors

British · England · Age 32

Tuspark Eagle Lab, Maybrook House, Grainger Street, Newcastle Upon Tyne, NE1 5JE

Notified 09/12/2019

CompanyRankvs 26555+ SIC 62012 peers
54

Financial strength7th percentile among SIC peers · 2/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.63× · 16/20
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 strength2/25 pts

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

Employees14/15 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.

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

Key FinancialsYear ending 31/03/2022

Net Worth

-£34k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

£4k

Working capital

Current Assets

£11k

Current Liabilities

£6k

Fixed Assets

£5k

Debtors

£599

6avg. employees

Balance Sheet

Assets less current liabilities£9k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20221.63-£29k
20214.91

Derived from filed accounts. Not audited figures.