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Digitalocean Droplet Limited

13315180

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

Details

C/O FIELDFISHER RIVERBANK HOUSE, LONDON, EC4R 3TT
Incorporated 06/04/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities
63110
Data processing, hosting and related activities

Officers

W. Matthew Steinfort

director · Since 13/10/2023

CFO

AMERICAN · UNITED STATES · Age 56

Terry Campbell Lang

director · Since 24/04/2026

AMERICAN · UNITED STATES · Age 55

Persons with Significant Control

Digitalocean Holdings Inc

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

101, New York

Reg: 6032173 · Delaware Secretary Of State · Delaware Corporation

Notified 06/04/2021

CompanyRankvs 18614+ SIC 62090 peers
52

Financial strength98th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.23× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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18614Digitalocean Droplet Limited
62
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.

Employees15/15 pts

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

Liquidity2/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£11.6M

Annual revenue

Net Worth

£1.4M

Balance sheet strength

Cash

£139k

Cash in the bank

Profit Before Tax

£831k

Bottom line earnings

Net Current Assets

-£7.0M

Working capital

Current Assets

£2.1M

Current Liabilities

£9.1M

Fixed Assets

£15.9M

Debtors

£633k

Cost of Sales

£7.5M

Gross Profit

£4.1M

Admin Expenses

£3.3M

Operating Profit

£829k

Profit After Tax

£419k

16avg. employees-7

Tax at Year End(2023)

Corp tax£244k

People Costs

NI contributions£408k

Balance Sheet

Total assets£7.9M
Assets less current liabilities£8.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.23+£419k
20230.10+£586k
20220.09—
20210.64—

Derived from filed accounts. Not audited figures.