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Ascend Accounts Ltd

15317931

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 29/11/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69201
Accounting and auditing activities
69202
Bookkeeping activities
69203
Tax consultancy
70229
Management consultancy activities

Officers

Mr Faiq Amin Farooqi

director · Since 04/12/2023

DIRECTOR

PAKISTANI · ENGLAND · Age 34

Persons with Significant Control

Mr Faiq Amin Farooqi

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

Pakistani · England · Age 34

124, City Road, London, EC1V 2NX

Notified 04/12/2023

Former PSCs

Mrs Breera Faiq

Ceased 07/08/2025

CompanyRankvs 29892+ SIC 69201 peers
39

Financial strength38th percentile among SIC peers · 10/25
Employees31th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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29892Ascend Accounts Ltd
34
How is this score calculated?
Financial strength10/25 pts

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

Employees5/15 pts

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

Liquidity6/20 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 30/11/2024

Net Worth

£896

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£254

Working capital

Current Assets

£6k

Current Liabilities

£6k

Fixed Assets

£1k

1avg. employees

Balance Sheet

Assets less current liabilities£896

EstimatesDerived

YearCurrent Ratio
20240.96

Derived from filed accounts. Not audited figures.