Nitex Ltd.
14242829
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/06/2024
total exemption full
Next accounts due
30/06/2026
Confirmation statement
Last: 18/07/2025
Due 01/08/2026
Industry
Officers
Persons with Significant Control
Former PSCs
Muhammad Hussain Mahdi
Ceased 11/01/2024
Md Ariful Hasan
Ceased 11/01/2024
CompanyRankvs 6108+ SIC 46420 peers26
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 concern are d
Key FinancialsYear ending 30/06/2025
Net Worth
-£105k
Balance sheet strength
Cash
£22k
Cash in the bank
Profit Before Tax
-£1.3M
Bottom line earnings
Net Current Assets
-£111k
Working capital
Current Assets
£95k
Current Liabilities
£207k
Fixed Assets
£6k
Debtors
£74k
Admin Expenses
£1.2M
Operating Profit
-£1.3M
Profit After Tax
-£1.3M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.46 | +£2.4M |
| 2024 | 0.05 | — |
| 2023 | 0.19 | — |
Derived from filed accounts. Not audited figures.