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Latent Drive Ltd

12431870

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

CHESIL HOUSE DORSET INNOVATION PARK, DORCHESTER, DT2 8ZB
Incorporated 29/01/2020

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 28/01/2026

Due 11/02/2027

On track

Industry

35110
Production of electricity
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Frazer Ely

director · Since 29/01/2020

MECHANICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 64

Mr Joseph Rowan Ely

director · Since 01/04/2022

ENGINEER

BRITISH · ENGLAND · Age 32

Mr Antonio Camacho

director · Since 08/04/2025

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Mr Timothy Alan Smith

director · Since 08/04/2025

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 1 other board

Mrs Anna Studley

secretary · Since 17/04/2026

Persons with Significant Control

Mr Frazer Ely

75–100% shares
75–100% votes

British · United Kingdom · Age 64

Bayside Business Centre, Sovereign Business Park, Poole, BH15 3TB

Notified 29/01/2020

Mr Joseph Ely

25–50% shares

British · England · Age 32

Chesil House, Dorset Innovation Park, Dorchester, DT2 8ZB

Notified 01/04/2022

Charges2 outstanding

Charge
outstanding

SPRK CAPITAL LIMITED

Created 19/05/2026Registered 19/05/2026
Charge
outstanding

SPRK CAPITAL LIMITED

Created 31/07/2025Registered 31/07/2025

CompanyRankvs 2697+ SIC 35110 peers
34

Financial strength10th percentile among SIC peers · 3/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2697Latent Drive Ltd
40
How is this score calculated?
Financial strength3/25 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.

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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£74k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£24k

Current Liabilities

£26k

Fixed Assets

£8k

4avg. employees

Balance Sheet

Assets less current liabilities£13k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.94-£99k
20241.84+£21k
20230.37+£31k
20221.78-£21k
20212.05—

Derived from filed accounts. Not audited figures.