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Nowvertical Uk Ltd

13576666

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 4 GROVELANDS, HEMEL HEMPSTEAD, HP2 7TE
Incorporated 20/08/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

63110
Data processing, hosting and related activities

Officers

Andre Ethan Garber

director · Since 30/05/2023

LAWYER

CANADIAN · CANADA · Age 38

Also on 3 other boards

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC (THE “SECURITY AGENT�)

Created 30/05/2025Registered 02/06/2025

CompanyRankvs 8702+ SIC 63110 peers
18

Financial strength3th percentile among SIC peers · 1/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.51× · 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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8702Nowvertical Uk Ltd
33
How is this score calculated?
Financial strength1/25 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.

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

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

£459k

Annual revenue

Net Worth

-£236k

Balance sheet strength

Cash

£8k

Cash in the bank

Profit Before Tax

-£115k

Bottom line earnings

Net Current Assets

-£1.3M

Working capital

Current Assets

£1.4M

Current Liabilities

£2.7M

Fixed Assets

£1.1M

Debtors

£1.4M

Operating Profit

-£115k

Profit After Tax

-£115k

2avg. employees

Tax at Year End(2023)

Corp tax£4k

People Costs

Wages & salaries£75k

Balance Sheet

Intangible assets£717k
Depreciation£77k
Assets less current liabilities-£236k
Prepared with Sage Accounts Production 25.0 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
20240.51-£115k
20230.56-£86k
20220.49—

Derived from filed accounts. Not audited figures.