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Understeer Ltd

12958423

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

CARLTON BUSINESS CENTRE, CARLTON HOUSE, CALNE, SN11 9PU
Incorporated 19/10/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Alistair John Fenwick

director · Since 19/10/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 21 other boards

Persons with Significant Control

Mr Alistair John Fenwick

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

British · England · Age 74

Carlton Business Centre, Carlton House, Maundrell Road, Calne, SN11 9PU

Notified 19/10/2020

Charges1 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 06/04/2021Registered 08/04/2021

CompanyRankvs 230033+ SIC 68209 peers
24

Financial strength9th percentile among SIC peers · 2/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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230033Understeer Ltd
33
How is this score calculated?
Financial strength2/25 pts

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

Employees9/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2025

Net Worth

-£24k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£209k

Working capital

Current Assets

£14k

Current Liabilities

£223k

Fixed Assets

£415k

Debtors

£12k

1avg. employees

Balance Sheet

Bank loans & overdrafts£231k
Assets less current liabilities£206k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.06+£0
20250.06-£27k
20240.11-£5k
20230.09-£6k
20220.10-£2k
20213.31—

Derived from filed accounts. Not audited figures.