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Bright Red Thread Limited

13890991

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

FIRST FLOOR, THE CHESTNUTS BREWERS END, BISHOP'S STORTFORD, CM22 6QJ
Incorporated 03/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Ms Michaelene Gabrielle Welsh

director · Since 03/02/2022

CONSULTANT

BRITISH · SCOTLAND · Age 57

Also on 1 other board

Persons with Significant Control

Ms Michaelene Gabrielle Welsh

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

British · Scotland · Age 57

First Floor, The Chestnuts, Brewers End, Bishop's Stortford, CM22 6QJ

Notified 03/02/2022

CompanyRankvs 40282+ SIC 70229 peers
67

Financial strength86th percentile among SIC peers · 22/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.29× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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40282Bright Red Thread Limited
67
How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 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.

Longevity4/15 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 28/02/2025

Net Worth

£78k

Balance sheet strength

Cash

£68k

Cash in the bank

Net Current Assets

£77k

Working capital

Current Assets

£137k

Current Liabilities

£60k

Fixed Assets

£883

Debtors

£69k

1avg. employees

Balance Sheet

Assets less current liabilities£78k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.29+£38k
20241.83+£2k

Derived from filed accounts. Not audited figures.