Fibretrace Technologies Limited
15157755
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/11/2024
ACCOUNTANT
BRITISH · ENGLAND · Age 34
Also on 2 other boards
CompanyRankvs 248+ SIC 13960 peers21
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/06/2025
Turnover
£1.4M
Annual revenue
Net Worth
-£2.0M
Balance sheet strength
Cash
£125k
Cash in the bank
Profit Before Tax
-£1.9M
Bottom line earnings
Net Current Assets
-£4.9M
Working capital
Current Assets
£717k
Current Liabilities
£5.6M
Fixed Assets
£3.0M
Debtors
£371k
Cost of Sales
£928k
Gross Profit
£479k
Admin Expenses
£2.4M
Operating Profit
-£1.9M
Profit After Tax
-£1.9M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.13 | +£0 |
| 2025 | 0.13 | — |
| 2024 | 0.57 | — |
Derived from filed accounts. Not audited figures.