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Lite Technologies Limited

14459165

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

52 GATLEY ROAD, CHEADLE, SK8 1QE
Incorporated 02/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Khalid Mahmood

director · Since 02/11/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 5 other boards

Mr Saad Mahmood

director · Since 02/11/2022

IT PROFESSIONAL

BRITISH · ENGLAND · Age 27

Also on 1 other board

Persons with Significant Control

Mr Saad Mahmood

25–50% shares
25–50% votes
Appoint directors

British · England · Age 27

52, Gatley Road, Cheadle, SK8 1QE

Notified 02/11/2022

Mr Khalid Mahmood

25–50% shares
25–50% votes
Appoint directors

British · England · Age 64

52, Gatley Road, Cheadle, SK8 1QE

Notified 02/11/2022

CompanyRankvs 19580+ SIC 62090 peers
62

Financial strength67th percentile among SIC peers · 17/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.44× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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19580Lite Technologies Limited
61
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.

Employees6/15 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 30/11/2024

Net Worth

£10k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£11k

Current Liabilities

£4k

1avg. employees-1

Balance Sheet

Assets less current liabilities£11k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20242.44-£3k
20234.32—

Derived from filed accounts. Not audited figures.