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Mxp Prime Platform Ltd

13129199

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

125 KINGSWAY, LONDON, WC2B 6NH
Incorporated 12/01/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Rajat Pritam Mukherjee

director · Since 16/05/2024

DIRECTOR

CANADIAN · UNITED KINGDOM · Age 43

Also on 11 other boards

Persons with Significant Control

Sellerx Germany Gmbh

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

19, Chausseestrasse, Berlin, 10115

Reg: Hrb 239289 B · Handelsregister · Gmbh

Notified 26/10/2021

Former PSCs

Mr Malte Horeyseck

Ceased 26/04/2021

Mr Philipp Bernhard Triebel

Ceased 26/04/2021

Charges3 outstanding

Charge
outstanding

HSBC INNOVATION BANKING

Created 01/08/2023Registered 18/08/2023
Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 26/07/2023Registered 02/08/2023
Charge
satisfied

SILICON VALLEY BANK UK LIMITED

Created 15/05/2023Registered 22/05/2023Satisfied 23/08/2023
Charge
satisfied

SILICON VALLEY BANK

Created 17/01/2022Registered 18/01/2022Satisfied 15/03/2023
Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 23/11/2021Registered 30/11/2021
Charge
satisfied

SILICON VALLEY BANK

Created 23/11/2021Registered 24/11/2021Satisfied 11/01/2022

CompanyRankvs 68133+ SIC 47910 peers
16

Financial strength29th percentile among SIC peers · 7/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength7/25 pts

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

Employees3/15 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.

Longevity5/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of matter - material uncertainty related to going concern We draw attention to Note 1.4 in the financial statements, which indicates that the company is dependent on financial support from its parent undertaking in order to continue trading. Th

Key FinancialsYear ending 31/12/2024

Net Worth

£1

Balance sheet strength

Cash

£487k

Cash in the bank

Profit Before Tax

-£7.1M

Bottom line earnings

Net Current Assets

-£70.3M

Working capital

Current Assets

£76.1M

Current Liabilities

£146.4M

Fixed Assets

£10.0M

Debtors

£67.8M

Cost of Sales

£41.3M

Admin Expenses

£11.2M

Profit After Tax

-£7.1M

0avg. employees-39

Tax at Year End

Corp tax£2k

People Costs

Wages & salaries£3.0M

Balance Sheet

Intangible assets£2.7M
Assets less current liabilities-£67.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.52
20230.23
20220.26

Derived from filed accounts. Not audited figures.