Systemsx Ltd
15224302
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 19/10/2025
Due 02/11/2026
Industry
Officers
Former
director · Resigned 05/03/2026
Persons with Significant Control
Mr Simon Lloyd Powell
British · Wales · Age 59
Abacus House, Caxton Place, Cardiff, CF23 8HA
Notified 20/10/2023
Charges1 outstanding
SIMON POWELL
Change History
Active
Private Limited Company
ABACUS HOUSE
CARDIFF
CompanyRankvs 42965+ SIC 62012 peers25
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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
Outstanding charges: -10 pts
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
-£54k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£54k
Working capital
Current Assets
£18k
Current Liabilities
£72k
Debtors
£15k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.25 |
Derived from filed accounts. Not audited figures.