Initiateevents Ltd
12386971
Some Concerns
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/01/2020
IT CONSULTANCY
BRITISH,NIGERIAN · ENGLAND · Age 58
Also on 1 other board
Persons with Significant Control
Mr Erick Chikeleze Nwanshi
British,Nigerian · England · Age 58
49, Monks Way, Reading, RG30 3DP
Notified 06/01/2020
CompanyRankvs 61252+ SIC 62090 peers24
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/01/2025
Net Worth
-£95k
Balance sheet strength
Cash
£156
Cash in the bank
Net Current Assets
-£95k
Working capital
Current Assets
—
Current Liabilities
£95k
Director Loans(2023)
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£5k |
| 2024 | 0.01 | +£4k |
| 2023 | 0.01 | -£20k |
| 2022 | 0.02 | — |
Derived from filed accounts. Not audited figures.