Init.Tech Ltd
15929832
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Paramjeet Singh Parmar
British · United Kingdom · Age 51
93, Blunden Drive, Slough, SL3 8WQ
Notified 01/09/2025
Former PSCs
Mr Bikshapathi Jatoth
Ceased 01/09/2025
CompanyRankvs 87078+ SIC 62020 peers37
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2025
Net Worth
-£241
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£11k
Working capital
Current Assets
£8k
Current Liabilities
£19k
Fixed Assets
£11k
Debtors
£6k
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.40 |
Derived from filed accounts. Not audited figures.