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Algo1 Ltd

14770442

active
ltd
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

8 Bedford Square, London, WC1B 3RA
Incorporated 30/03/2023

Previously known as

Algo1 2 Ltd · until 11/12/2024
7app Limited · until 10/12/2024

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 29/03/2026

Due 12/04/2027

On track

Industry

62090
Other information technology service activities

Officers

Mr Simon Elliot Franks

director · Since 30/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 17 other boards

Mr Luke Willis

secretary · Since 19/09/2025

Simon Elliot Franks

director · Since 30/03/2023

British · England · Age 55

Luke Willis

secretary · Since 19/09/2025

Former

Belinda Tarr

secretary · Resigned 06/08/2025

Persons with Significant Control

Mr Simon Franks

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

British · England · Age 55

8, Bedford Square, London, WC1B 3RA

Notified 30/03/2023

Change History

statusactive
2026-08-25

Active

typeltd
2026-08-25

Private Limited Company

address line18 Bedford Square
2026-08-25

8 BEDFORD SQUARE

post townLondon
2026-08-25

LONDON

officer appointedWILLIS, Luke
2026-08-25
officer appointedFRANKS, Simon Elliot
2026-08-25

CompanyRankvs 61319+ SIC 62090 peers
24

Financial strength1th percentile among SIC peers · 0/25
Employees41th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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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.

Employees6/15 pts

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

Liquidity0/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

-£556k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£10.7M

Working capital

Current Assets

Current Liabilities

£10.7M

Fixed Assets

£10.1M

Debtors

£67k

1avg. employees
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
2024-£320k
20230.00

Derived from filed accounts. Not audited figures.

Filing History20 filings

Confirmation statement

confirmation statement with updates

02/06/20264 pages · PDF
RESOLUTIONS

resolution

30/05/20262 pages · PDF
MA

memorandum articles

30/05/202655 pages · PDF
Shares allotted

capital allotment shares

13/05/20263 pages · PDF
Accounts filed

accounts with accounts type total exemption full

19/12/202513 pages · PDF
AP03

appoint person secretary company with name date

19/09/20252 pages · PDF
Confirmation statement

confirmation statement with updates

19/09/20254 pages · PDF
Address changed

change registered office address company with date old address new address

19/09/20251 page · PDF
TM02

termination secretary company with name termination date

06/08/20251 page · PDF
Accounts filed

accounts with accounts type unaudited abridged

03/03/20258 pages · PDF
SH02

capital alter shares subdivision

31/01/20256 pages · PDF
CERTNM

certificate change of name company

11/12/20243 pages · PDF
Accounts date changed

change account reference date company previous shortened

11/12/20241 page · PDF
CERTNM

certificate change of name company

10/12/20243 pages · PDF
Confirmation statement

confirmation statement with no updates

02/04/20243 pages · PDF
Accounts filed

accounts with accounts type dormant

20/03/20242 pages · PDF
Accounts date changed

change account reference date company current shortened

13/06/20231 page · PDF
AP03

appoint person secretary company with name date

24/05/20232 pages · PDF
Address changed

change registered office address company with date old address new address

23/05/20231 page · PDF
Incorporated

incorporation company

30/03/202310 pages · PDF