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Answer Pay Limited

12430007

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNION MILLS, LEEDS, LS11 5DD
Incorporated 28/01/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Catherine Monica Parlett

secretary · Since 28/01/2020

Mr Kenneth Gary Parlett

director · Since 28/01/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 7 other boards

Mr Finbarr Joy

director · Since 21/12/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 3 other boards

Persons with Significant Control

Mr Kenneth Gary Parlett

25–50% shares
25–50% votes

British · England · Age 64

Union Mills, 9 Dewsbury Road, Leeds, LS11 5DD

Notified 28/01/2020

Mrs Catherine Monica Parlett

25–50% shares
25–50% votes

British · England · Age 62

Union Mills, 9 Dewsbury Road, Leeds, LS11 5DD

Notified 28/01/2020

CompanyRankvs 42507+ SIC 62012 peers
38

Financial strength1th percentile among SIC peers · 0/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.62× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 pts

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

Employees11/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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 31/12/2024

Net Worth

-£1.1M

Balance sheet strength

Cash

£21k

Cash in the bank

Net Current Assets

-£95k

Working capital

Current Assets

£154k

Current Liabilities

£249k

Debtors

£133k

2avg. employees-1

Balance Sheet

Intangible assets£41k
Assets less current liabilities-£55k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.62-£110k
20230.82-£223k
20223.98

Derived from filed accounts. Not audited figures.