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Thebitsbyte Ltd

15579003

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

FIRST FLOOR FLAT 458 A, LONDON, E7 8AP
Incorporated 20/03/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet
62011
Ready-made interactive leisure and entertainment software development
62012
Business and domestic software development

Officers

Mr Muhammad Arsal Shahzad

director · Since 20/03/2024

COMPANY DIRECTOR

PAKISTANI · SCOTLAND · Age 29

Persons with Significant Control

Mr Muhammad Arsal Shahzad

25–50% shares
25–50% votes
Appoint directors

Pakistani · England · Age 29

First Floor Flat 458 A, Romford Road, London, E7 8AP

Notified 20/03/2024

Former PSCs

Mr. Muhammad Dawood Naseem

Ceased 12/02/2025

CompanyRankvs 70068+ SIC 47910 peers
52

Financial strength47th percentile among SIC peers · 12/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio Infinity× · 20/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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70068Thebitsbyte Ltd
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How is this score calculated?
Financial strength12/25 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.

Longevity2/15 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 31/03/2025

Net Worth

£100

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£100

Working capital

Current Assets

£100

Current Liabilities

£0

0avg. employees

Balance Sheet

Assets less current liabilities£100
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
2025Infinity

Derived from filed accounts. Not audited figures.