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Bound Rates Limited

13036275

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

16 GREAT CHAPEL STREET, LONDON, W1F 8FL
Incorporated 23/11/2020

Compliance

Last accounts

31/12/2025

full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 25/06/2025

Due 09/07/2026

On track

Industry

62012
Business and domestic software development

Officers

Mr Seth Michael Phillips

director · Since 23/11/2020

CHIEF EXECUTIVE

AMERICAN · UNITED KINGDOM · Age 45

Also on 1 other board

Mr Daniel Kindler

director · Since 07/12/2020

FOUNDER

AMERICAN · UNITED KINGDOM · Age 31

Also on 2 other boards

Ohs Secretaries Limited

secretary · Since 12/02/2026

Also on 436 other boards

Persons with Significant Control

Bound Holdings Limited

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

16, Great Chapel Street, London, W1F 8FL

Reg: 16813082 · Companies House · Limited By Shares

Notified 20/12/2025

Former PSCs

Mr Daniel Kindler

Ceased 24/06/2021

Mr Seth Michael Phillips

Ceased 24/06/2021

Charges1 outstanding

Charge
outstanding

WTI FUND X, INC.

Created 17/12/2021Registered 21/12/2021

CompanyRankvs 22360+ SIC 62012 peers
67

Financial strength100th percentile among SIC peers · 25/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 196.86× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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 31/12/2022

Net Worth

£15.9M

Balance sheet strength

Cash

£10.8M

Cash in the bank

Net Current Assets

£10.8M

Working capital

Current Assets

£10.9M

Current Liabilities

£55k

Fixed Assets

£37k

Debtors

£65k

2avg. employees

Balance Sheet

Assets less current liabilities£10.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
2022196.86+£16.7M
202117.07-£737k

Derived from filed accounts. Not audited figures.