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Thread Corporation Limited

15054064

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT
Incorporated 07/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Michael Duma

director · Since 07/08/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Mr Stephen Rodger Millard

director · Since 07/08/2023

DIRECTOR

AUSTRALIAN · UNITED ARAB EMIRATES · Age 67

Also on 2 other boards

Persons with Significant Control

Mr Michael Duma

25–50% shares
25–50% votes

British · United Kingdom · Age 49

85, Great Portland Street, First Floor, London, W1W 7LT

Notified 07/08/2023

Mr Stephen Rodger Millard

25–50% shares
25–50% votes

Australian · United Arab Emirates · Age 67

85, Great Portland Street, First Floor, London, W1W 7LT

Notified 07/08/2023

CompanyRankvs 14653+ SIC 62012 peers
65

Financial strength94th percentile among SIC peers · 24/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 103.23× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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14653Thread Corporation Limited
64
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 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.

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

£375k

Balance sheet strength

Cash

£421

Cash in the bank

Net Current Assets

£360k

Working capital

Current Assets

£364k

Current Liabilities

£4k

Debtors

£364k

0avg. employees

Balance Sheet

Assets less current liabilities£360k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
2024103.23

Derived from filed accounts. Not audited figures.