Nitex Ltd.
14242829
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Former PSCs
Muhammad Hussain Mahdi
Ceased 11/01/2024
Md Ariful Hasan
Ceased 11/01/2024
CompanyRankvs 6913+ SIC 46420 peers35
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2024
Net Worth
-£2.6M
Balance sheet strength
Cash
£85k
Cash in the bank
Net Current Assets
-£2.6M
Working capital
Current Assets
£130k
Current Liabilities
£2.7M
Fixed Assets
£6k
Debtors
£46k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.05 |
| 2023 | 0.19 |
Derived from filed accounts. Not audited figures.