Tier Operations Limited
12640257
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2023
full
Next accounts due
31/12/2025
Confirmation statement
Last: 27/03/2026
Due 10/04/2027
Industry
Officers
director · Since 08/05/2024
CEO
FRENCH · UNITED KINGDOM · Age 55
Also on 1 other board
director · Since 08/05/2024
COO
FRENCH · NETHERLANDS · Age 48
Also on 2 other boards
Persons with Significant Control
Tier Mobility Se
C/O Techspace, Lobeckstrasse 36-40, 10969 Berlin
Reg: Hrb 236551 B · German Register Of Companies · Societas Europaea (Se)
Notified 02/06/2020
Charges0 outstanding
SBGS 213 GMBH (TO BE RENAMED TIER FUNDING II GMBH)
TIER FUNDING I GMBH
CompanyRankvs 2217+ SIC 33170 peers28
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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
continue to be able to secure ongoing funding or successfully pursue its strategic goals, an element of uncertainty exists which may cast doubt over Tier Operations Limited’s ability to trade as a going concern. However, the directors of Tier Operations Limited have a reasonable degree of confidence that Tier Mobility SE will continue to be able to support Tier Operations Limited and therefore
Key FinancialsYear ending 31/12/2023
Turnover
£8.7M
Annual revenue
Net Worth
-£10.7M
Balance sheet strength
Cash
£896k
Cash in the bank
Profit Before Tax
-£820k
Bottom line earnings
Net Current Assets
-£11.0M
Working capital
Current Assets
£10.5M
Current Liabilities
£21.5M
Fixed Assets
£841k
Debtors
£9.6M
Cost of Sales
£5.4M
Gross Profit
£3.4M
Admin Expenses
£10.3M
Operating Profit
-£775k
Profit After Tax
-£820k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.49 |
Derived from filed accounts. Not audited figures.