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Fxify Solutions Limited

14451720

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

142, CENTRAL STREET, LONDON, EC1V 8AR
Incorporated 31/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr David Paul Bhidey

director · Since 31/10/2022

OPERATIONS ASSOCIATE

BRITISH · ENGLAND · Age 36

Also on 2 other boards

Persons with Significant Control

Briarwood Ventures Limited

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

Suite A,, 19/F, Two Chinachem Plaza,, 68 Connaught Road Central

Reg: 74543806 · Hong Kong Company Registry · Private Limited Company

Notified 31/10/2022

Former PSCs

Gope Shyamdas Kundnani

Ceased 31/10/2022

CompanyRankvs 17898+ SIC 62012 peers
51

Financial strength67th percentile among SIC peers · 17/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1× · 12/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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17898Fxify Solutions Limited
60
How is this score calculated?
Financial strength17/25 pts

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

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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.

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

period, where the company achieved a revenue of £3.4 million and a loss of £595,178. We have also achieved a positive balance sheet of £8,335 compared to previous year a negative of £585,178. GOING CONCERN ASSESSMENT In accordance with company law and accounting standards, we have conducted a thorough assessment of the company's ability to continue as a going concern. This assessment consi

Key FinancialsYear ending 31/10/2024

Turnover

£29.8M

Annual revenue

Net Worth

£10k

Balance sheet strength

Cash

£2.7M

Cash in the bank

Profit Before Tax

£504k

Bottom line earnings

Net Current Assets

£4k

Working capital

Current Assets

£14.4M

Current Liabilities

£14.4M

Fixed Assets

£4k

Debtors

£11.7M

Cost of Sales

£24.6M

Gross Profit

£5.2M

Admin Expenses

£4.8M

Operating Profit

£391k

Profit After Tax

£504k

3avg. employees+1

People Costs

Wages & salaries£232k

Balance Sheet

Assets less current liabilities£8k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.00+£0
20230.74—

Derived from filed accounts. Not audited figures.