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Flipstream Engineering Ltd

15952268

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

68 TEIGNMOUTH ROAD, TORQUAY, TQ1 4ET
Incorporated 12/09/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

58290
Other software publishing
62012
Business and domestic software development

Officers

Miss Maggie May Foulds

director · Since 12/09/2024

SOFTWARE ENGINEER

BRITISH · ENGLAND · Age 24

Persons with Significant Control

Miss Maggie May Foulds

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

British · England · Age 24

68, Teignmouth Road, Torquay, TQ1 4ET

Notified 12/09/2024

CompanyRankvs 4116+ SIC 58290 peers
41

Financial strength58th percentile among SIC peers · 14/25
Employees53th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.41× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength14/25 pts

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

Employees8/15 pts

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

Liquidity2/20 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 30/09/2025

Net Worth

£606

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£318

Working capital

Current Assets

£223

Current Liabilities

£541

Fixed Assets

£924

1avg. employees

Balance Sheet

Assets less current liabilities£606
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20250.41

Derived from filed accounts. Not audited figures.