The Freetime Initiative Ltd.
SC187379
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2025
total exemption full
Next accounts due
30/09/2027
Confirmation statement
Last: 03/02/2026
Due 17/02/2027
Industry
Officers
Former
nominee secretary · Resigned 03/07/1998
nominee director · Resigned 03/07/1998
director · Resigned 22/10/2021
Persons with Significant Control
Mr Kevin Brennan
British · Scotland · Age 57
99, Merchiston Oval, Johnstone, PA5 8XA
Notified 01/12/2021
Former PSCs
Mr Terence Thomas Brennan
Ceased 01/12/2021
Change History
Active
Private Limited Company
99 MERCHISTON OVAL
JOHNSTONE
CompanyRankvs 18011+ SIC 90030 peers44
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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 31/12/2025
Net Worth
-£20k
Balance sheet strength
Cash
£10k
Cash in the bank
Net Current Assets
-£20k
Working capital
Current Assets
£24k
Current Liabilities
£44k
Debtors
£14k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.55 |
Derived from filed accounts. Not audited figures.
Filing History74 filings
accounts with accounts type total exemption full
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with no updates
accounts with accounts type total exemption full
change registered office address company with date old address new address
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with updates
cessation of a person with significant control
notification of a person with significant control
termination director company with name termination date
appoint person director company with name date
accounts with accounts type total exemption full
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with no updates
change registered office address company with date old address new address
accounts with accounts type total exemption full
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with no updates
confirmation statement with no updates
accounts with accounts type total exemption full
confirmation statement with updates
accounts with accounts type total exemption small
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annual return company with made up date full list shareholders
change registered office address company with date old address new address
annual return company with made up date full list shareholders
accounts with accounts type total exemption small
annual return company with made up date full list shareholders
accounts with accounts type total exemption small
accounts with accounts type total exemption small
annual return company with made up date full list shareholders
accounts with accounts type total exemption small
annual return company with made up date full list shareholders
accounts with accounts type total exemption small
annual return company with made up date full list shareholders
change person director company with change date
accounts with accounts type total exemption small
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incorporation company