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Open Format Technologies Limited

14549226

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

HENGE BARN PURY HILL BUSINESS PARK, TOWCESTER, NN12 7LS
Incorporated 19/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Dave Allan

director · Since 19/12/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 4 other boards

Mrs Sarah Emily Bailey

director · Since 19/12/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 1 other board

Andrew Kitt

director · Since 19/12/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 34

Mr Bruce John Molyneux

director · Since 19/12/2022

COMPANY DIRECTOR

ENGLISH · ENGLAND · Age 60

Also on 6 other boards

CompanyRankvs 47889+ SIC 62090 peers
24

Financial strength1th percentile among SIC peers · 0/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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47889Open Format Technologies Limited
34
How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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

tion and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

-£662k

Balance sheet strength

Cash

£34k

Cash in the bank

Net Current Assets

-£662k

Working capital

Current Assets

£34k

Current Liabilities

£696k

Debtors

£293

5avg. employees+4

Balance Sheet

Assets less current liabilities-£662k
Signed by Mrs Sarah Weller 23 September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.05-£391k
20230.52—

Derived from filed accounts. Not audited figures.