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Locit Limited

13559017

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 10 SECOND AVENUE, DEESIDE, CH5 2NX
Incorporated 10/08/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31010
Manufacture of office and shop furniture

Officers

Mr Richard Vaughn Williams

director · Since 11/04/2022

MANAGING DIRECTOR

WELSH · WALES · Age 57

Also on 2 other boards

Mr Simon Martin Lord

director · Since 22/04/2024

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 55

Also on 46 other boards

Mr Richard Gary Jones

director · Since 09/12/2025

BRITISH · WALES · Age 55

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr Patrick James Morris

Ceased 17/12/2021

Charges2 outstanding

Charge
outstanding

DBW INVESTMENTS (3) LIMITED

Created 30/03/2026Registered 07/04/2026
Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 02/11/2022Registered 03/11/2022

CompanyRankvs 372+ SIC 31010 peers
54

Financial strength93th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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372Locit Limited
59
How is this score calculated?
Financial strength23/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/09/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£70k

Cash in the bank

Net Current Assets

-£672k

Working capital

Current Assets

£3.1M

Current Liabilities

£3.8M

Fixed Assets

£2.6M

Debtors

£2.2M

46avg. employees+20

Balance Sheet

Intangible assets£144k
Assets less current liabilities£1.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.82+£160k
20230.81-£1.0M
20221.40—

Derived from filed accounts. Not audited figures.