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Digit Audio Technology Limited

12970218

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)

Details

34 HIGH STREET, WALSALL, WS9 8LZ
Incorporated 23/10/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32200
Manufacture of musical instruments
59200
Sound recording and music publishing activities
62090
Other information technology service activities
90020
Support activities to performing arts

Officers

Simon Richard Tew

director · Since 23/10/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Owain Thomas Wilson

director · Since 23/10/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Persons with Significant Control

Simon Richard Tew

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 42

34, High Street, Walsall, WS9 8LZ

Notified 23/10/2020

CompanyRankvs 144+ SIC 32200 peers
57

Financial strength86th percentile among SIC peers · 22/25
Employees92th percentile among SIC peers · 14/15
LiquidityNo balance sheet data · 0/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 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.

Liquidity0/20 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£78k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

Working capital

Current Assets

Current Liabilities

£359k

Fixed Assets

£2k

Debtors

£56k

Profit After Tax

£0

5avg. employees-1

Balance Sheet

Intangible assets£364k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2024+£76k
20230.16

Derived from filed accounts. Not audited figures.