First Route Logistics Ltd
14601997
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Michael Franklin
British · United Kingdom · Age 41
50a Constable Court, Ladysmith Avenue, Colchester, CO7 0JD
Notified 18/01/2023
Charges1 outstanding
LIQUID LINK LIMITED
WEDO INVOICE FINANCE LTD
CompanyRankvs 6188+ SIC 53202 peers24
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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.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/01/2024
Net Worth
-£202
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£10k
Current Liabilities
£10k
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.98 |
Derived from filed accounts. Not audited figures.