Material Exchange Ltd
14640577
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
28/02/2025
total exemption full
Next accounts due
30/11/2026
Confirmation statement
Last: 19/07/2025
Due 02/08/2026
Industry
Officers
director · Since 06/02/2023
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 37
Also on 1 other board
director · Since 06/02/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 2 other boards
director · Since 14/02/2023
IT PROFESSIONAL
BRITISH · WALES · Age 26
Also on 1 other board
Persons with Significant Control
Mr William Russell Cook
British · United Kingdom · Age 37
23, Westfield Park, Bristol, BS6 6LT
Notified 06/02/2023
Mr Leigh Spencer Husband
British · England · Age 54
23, Westfield Park, Bristol, BS6 6LT
Notified 06/02/2023
Change History
Active
Private Limited Company
23 WESTFIELD PARK
BRISTOL
CompanyRankvs 8405+ SIC 46190 peers26
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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
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
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 28/02/2025
Net Worth
-£42k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£42k
Working capital
Current Assets
£2k
Current Liabilities
£44k
Debtors
£1k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.05 | -£17k |
Derived from filed accounts. Not audited figures.