Back to search

Tier Operations Limited

12640257

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • 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

66 PAUL STREET, LONDON, EC2A 4NA
Incorporated 02/06/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33170
Repair and maintenance of other transport equipment
47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
49390
Other passenger land transport
77390
Renting and leasing of other machinery, equipment and tangible goods

Officers

Henri Thomas Georges Moissinac-Massenat

director · Since 08/05/2024

French

Maxim Gaston Hubert Romain

director · Since 08/05/2024

French

Former

Alexander James Gayer

director · Resigned 08/05/2024

Roger Raif Hassan

director · Resigned 27/04/2021

Frederick Gerald Austin Jones

director · Resigned 02/08/2023

CompanyRankvs 20020+ SIC 33170 peers
28

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Swarco Uk & Ireland Ltd
90
2Supacat Limited
90
3Geismar (Uk) Limited
90
4Dennis Dixon Limited
90
5C.B. Transport Refrigeration Limited
90
6Johnson Bros (Tours) Limited
90
7Worldwide Recovery Systems Limited
90
8Dgt Services Limited
90
9Evac+Chair International Limited
90
10North West Seating Limited
90
2002Tier Operations Limited
38
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.

Employees15/15 pts

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

Liquidity2/20 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

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

89avg. employees

People Costs

Wages & salaries£2.4M
NI contributions£272k

Balance Sheet

Assets less current liabilities-£10.2M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20230.49

Derived from filed accounts. Not audited figures.