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Comm-It Technology Uk Limited

15611449

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

C/O FLADGATE LLP, LONDON, WC2B 5DG
Incorporated 03/04/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Arie Faingold

director · Since 03/04/2024

PRESIDENT AND CHAIRMAN

ISRAELI · ISRAEL · Age 49

Idan Faingold

director · Since 03/04/2024

CHIEF EXECUTIVE OFFICE (TECHNOLOGY)

ISRAELI · ISRAEL · Age 48

Persons with Significant Control

Magic Software Enterprises Ltd

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

1, Yahadut Canada Or Yehuda, Central District, 6037501

Reg: 520036740 · Nasdaq/Tase · Corporate

Notified 03/04/2024

CompanyRankvs 117413+ SIC 62020 peers
17

Financial strength6th percentile among SIC peers · 2/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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117413Comm-It Technology Uk Limited
23
How is this score calculated?
Financial strength2/25 pts

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

Employees2/15 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.

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.

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

these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the directors have a reasonable expectation that the company will continue in operational existence and therefore, they continue to adopt the going concern basis of accounting to prepare

Key FinancialsYear ending 31/12/2024

Net Worth

-£15k

Balance sheet strength

Cash

£67k

Cash in the bank

Net Current Assets

-£15k

Working capital

Current Assets

£194k

Current Liabilities

£209k

Debtors

£128k

0avg. employees

Balance Sheet

Assets less current liabilities-£15k
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent Ratio
20240.93

Derived from filed accounts. Not audited figures.