Spinnovate Ltd
14437525
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/10/2025
micro entity
Next accounts due
31/07/2027
Confirmation statement
Last: 21/10/2025
Due 04/11/2026
Industry
Officers
Persons with Significant Control
Dr Shashi Urvish Pandya
British · United Kingdom · Age 56
29, Wentworth Drive, Durham, DH1 3FD
Notified 24/10/2022
Change History
Active
Private Limited Company
29 WENTWORTH DRIVE
DURHAM
CompanyRankvs 7070+ SIC 72190 peers34
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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 31/10/2025
Net Worth
-£50k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£16k
Working capital
Current Assets
£33k
Current Liabilities
£49k
Fixed Assets
£796
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.67 | -£33k |
| 2024 | 1.45 | -£26k |
| 2023 | 1.98 | — |
Derived from filed accounts. Not audited figures.