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Twinhub Limited

13262476

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

WOODWATER HOUSE, EXETER, EX2 5WR
Incorporated 12/03/2021

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/06/2025

Due 26/06/2026

On track

Industry

42220
Construction of utility projects for electricity and telecommunications
42990
Construction of other civil engineering projects
43999
Specialised construction activities
71129
Other engineering activities

Officers

Michelmores Secretaries Limited

secretary · Since 12/03/2021

BRITISH

Also on 343 other boards

Mr James Lee Brown

director · Since 12/03/2021

MANAGER

BRITISH · UNITED KINGDOM · Age 57

Also on 1 other board

Mr Marcus Gunnar Thor

director · Since 31/03/2021

MANAGING DIRECTOR

SWEDISH · SWEDEN · Age 45

Persons with Significant Control

Hexicon Ab

Significant control

Tegelbacken 4 A, Stockholm, SE 111 52

Reg: 556795-9894 · Sweden · Aktiebolag (Ab)

Notified 12/03/2021

Hexicon Developments Uk Limited

25–50% shares
25–50% votes

Woodwater House, Pynes Hill, Exeter, EX2 5WR

Reg: 13658274 · Companies House · Limited By Shares

Notified 31/03/2026

CompanyRankvs 13780+ SIC 42220 peers
39

Financial strength1th percentile among SIC peers · 0/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 6.96× · 20/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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1378Twinhub Limited
49
How is this score calculated?
Financial strength0/25 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.

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.

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

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

Going Concern Doubt

have therefore deemed there to be a material uncertainty over the Company's ability to continue trading and therefore, it casts a significant doubt on the Company's ability to continue as a going concern. The Company continues to adopt the going concern basis in preparing its financial statements. Page 3 TWINHUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202

Key FinancialsYear ending 31/12/2024

Net Worth

-£1.7M

Balance sheet strength

Cash

£279

Cash in the bank

Net Current Assets

£7.3M

Working capital

Current Assets

£8.5M

Current Liabilities

£1.2M

Fixed Assets

£2.8M

Debtors

£8.5M

2avg. employees

Balance Sheet

Assets less current liabilities£10.1M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20246.96

Derived from filed accounts. Not audited figures.