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Correct Systems Limited

13358826

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

FELLOWS HOUSE 46 ROYCE CLOSE, ANDOVER, SP10 3TS
Incorporated 26/04/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

58290
Other software publishing

Officers

Martyn George Fray

secretary · Since 26/04/2021

Mr Darren James Durbin

director · Since 26/04/2021

DIRECTOR

BRITISH · ENGLAND · Age 52

Mr Danny Lee Gladwyn

director · Since 26/04/2021

DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 8 other boards

Persons with Significant Control

Ccs Tad Limited

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

Flemming Court, Leigh Road, Eastleigh, SO50 9PD

Reg: 09307249 · Uk Register Of Companies · Private Company Limited By Shares

Notified 26/04/2021

CompanyRankvs 3638+ SIC 58290 peers
44

Financial strength44th percentile among SIC peers · 11/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.17× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength11/25 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.

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.

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

Key FinancialsYear ending 30/04/2023

Net Worth

£100

Balance sheet strength

Cash

£259

Cash in the bank

Net Current Assets

-£164k

Working capital

Current Assets

£33k

Current Liabilities

£197k

Fixed Assets

£162k

Debtors

£33k

2avg. employees

Balance Sheet

Assets less current liabilities-£2k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.17
20220.17

Derived from filed accounts. Not audited figures.