Bitfount Ltd
12390975
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/01/2020
CEO
SOUTH AFRICAN · ENGLAND · Age 43
Also on 1 other board
director · Since 10/09/2024
INVESTOR DIRECTOR
BRITISH · ENGLAND · Age 36
Also on 2 other boards
Persons with Significant Control
Bluejay Holdings Ltd
46, St. Augustines Road, London, NW1 9RN
Reg: 12390968 · Companies House · Private Limited Company
Notified 07/01/2020
Mr Blaise Roger Marie Thomson
South African · England · Age 43
128, City Road, London, EC1V 2NX
Notified 18/11/2020
Former PSCs
Mr Blaise Thomson
Ceased 07/01/2020
Mr Blaise Roger Marie Thomson
Ceased 07/01/2020
CompanyRankvs 7890+ SIC 62012 peers70
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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.
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
Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/12/2025
Net Worth
£915k
Balance sheet strength
Cash
£681k
Cash in the bank
Net Current Assets
£936k
Working capital
Current Assets
£1.3M
Current Liabilities
£362k
Fixed Assets
£36k
Debtors
£618k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.58 | +£0 |
| 2025 | 3.58 | -£702k |
| 2024 | 6.35 | +£268k |
| 2024 | 18.64 | -£138k |
| 2023 | 33.35 | -£1.2M |
| 2022 | 75.10 | +£3.0M |
| 2021 | 0.05 | — |
Derived from filed accounts. Not audited figures.