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Zero Binary Limited

12778855

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

ELECTRIC WORKS, SHEFFIELD, S1 2BJ
Incorporated 29/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Matthew Stephen Martin

director · Since 29/07/2020

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Mr Matthew Stephen Martin

75–100% shares
75–100% votes
Appoint directors

British · England · Age 44

Electric Works, 3 Concourse Way, Sheffield, S1 2BJ

Notified 29/07/2020

CompanyRankvs 16079+ SIC 62012 peers
57

Financial strength74th percentile among SIC peers · 19/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.56× · 16/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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16079Zero Binary Limited
62
How is this score calculated?
Financial strength19/25 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.

Liquidity16/20 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

, the Company incurred a small loss of £829.00. Management has assessed the Company's ability to continue as a going concern, taking into consideration its current financial position and future prospects. Turnover policy Turnover is measured at the fair value of the consideration received or receivable, net of discounts an

Key FinancialsYear ending 31/08/2024

Net Worth

£22k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

£19k

Working capital

Current Assets

£53k

Current Liabilities

£34k

Fixed Assets

£4k

Debtors

£47k

2avg. employees+2

Balance Sheet

Assets less current liabilities£23k

EstimatesDerived

YearCurrent RatioImplied Profit
20241.56+£28k
20230.78—
20220.96—

Derived from filed accounts. Not audited figures.