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Gigabrainz Limited

15096967

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

102 OSCOTT SCHOOL LANE, BIRMINGHAM, B44 9EN
Incorporated 25/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Davon Michael Penman

director · Since 25/08/2023

SOFTWARE ENGINEER

BRITISH · UNITED KINGDOM · Age 29

Also on 2 other boards

Persons with Significant Control

Mr Davon Michael Penman

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

British · United Kingdom · Age 29

102, Oscott School Lane, Birmingham, B44 9EN

Notified 25/08/2023

CompanyRankvs 39947+ SIC 47910 peers
35

Financial strength17th percentile among SIC peers · 4/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 51.28× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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39947Gigabrainz Limited
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How is this score calculated?
Financial strength4/25 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.

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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's

Key FinancialsYear ending 31/08/2025

Net Worth

-£3k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£12k

Working capital

Current Assets

£12k

Current Liabilities

£237

0avg. employees-1
Signed by Mr D Penman,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202551.28-£8k
20248.76—

Derived from filed accounts. Not audited figures.