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Toolk-1t Ltd

13058861

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

4 OLD FIELD ROAD, BRIDGEND, CF35 5LJ
Incorporated 03/12/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Daniel Jay Ball

director · Since 12/04/2023

DIRECTOR

BRITISH · WALES · Age 42

Also on 10 other boards

Mr Malcolm Holland

director · Since 12/04/2023

DIRECTOR

BRITISH · WALES · Age 41

Also on 11 other boards

Mr David John Middleton

director · Since 12/04/2023

DIRECTOR

BRITISH · ENGLAND · Age 32

Also on 13 other boards

Persons with Significant Control

Flotek Group Limited

75–100% shares
75–100% votes

The Maltings, East Tyndall Street, Cardiff, CF24 5EA

Reg: 13882299 · England And Wales · Limited Company

Notified 12/04/2023

Former PSCs

Mr Richard Mark Williams

Ceased 12/04/2023

CompanyRankvs 107909+ SIC 62020 peers
22

Financial strength11th percentile among SIC peers · 3/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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107909Toolk-1t Ltd
27
How is this score calculated?
Financial strength3/25 pts

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

Employees2/15 pts

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

Liquidity6/20 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

has no other realistic alternative but to do so. If there are significant uncertainties or events that cast doubt on the entity's ability to continue as a going concern, these must be disclosed in the financial statements. The company intends to hive up its trade and assets to its parent company within 12 months of the issue of these financial statements. The compan

Key FinancialsYear ending 30/06/2024

Net Worth

-£3k

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£42k

Current Liabilities

£45k

Debtors

£5k

0avg. employees-2

Balance Sheet

Assets less current liabilities-£3k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.93+£3k
20230.60-£7k
20221.03—

Derived from filed accounts. Not audited figures.