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Tracebit Limited

14395264

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

86-90 PAUL STREET, LONDON, EC2A 4NE
Incorporated 03/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Andrew Michael Smith

director · Since 03/10/2022

FOUNDER

BRITISH · ENGLAND · Age 38

Mr Samuel Joseph Cox

director · Since 05/05/2023

CO-FOUNDER AND CTO

BRITISH · ENGLAND · Age 34

Mr Andrei Florin Brasoveanu

director · Since 30/10/2025

VENTURE CAPITAL INVESTOR, PARTNER AT ACC

SWISS,BRITISH,ROMANIAN · UNITED KINGDOM · Age 39

Also on 2 other boards

David Waltcher

director · Since 30/10/2025

AMERICAN · UNITED STATES · Age 29

Persons with Significant Control

Andrew Michael Smith

25–50% votes

British · England · Age 38

86-90, Paul Street, London, EC2A 4NE

Notified 03/10/2022

Former PSCs

Mr Samuel Joseph Cox

Ceased 30/10/2025

Charges0 outstanding

Charge
satisfied

HSBC INNOVATION BANKING

Created 28/05/2024Registered 29/05/2024Satisfied 03/04/2025

CompanyRankvs 4953+ SIC 62012 peers
78

Financial strength100th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 26.35× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength25/25 pts

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

Employees14/15 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 31/10/2025

Net Worth

£17.0M

Balance sheet strength

Cash

£2.5M

Cash in the bank

Net Current Assets

£16.9M

Working capital

Current Assets

£17.6M

Current Liabilities

£667k

Fixed Assets

£49k

Debtors

£15.1M

10avg. employees+5

Tax at Year End

VAT£1k

Director Loans

Company owes directors£4k

Balance Sheet

Assets less current liabilities£17.0M
Signed by Mr A Smith 30/04/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
202526.35+£13.2M£28k
202449.90+£3.4M
202360.90

Derived from filed accounts. Not audited figures.