Company Overview
Ofttech Limited is a Dissolved Private Limited Company.
Registered Address

16 Blatchington Road, Hove, BN3 3YN
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Companies House Data
Company NameOFTTECH LIMITED
Company Number01708431
Registered Office Address16 Blatchington Road
 BN3 3YN
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date22/03/1983
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2024
Accounts Last Made Up Date30/09/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date12/02/2017
Returns Last Made Up Date15/01/2016
Previous Company NameChanged Date
KINETIC ENGINEERING LIMITED04 May 2004
Directors & Members
Show Resigned
Kim Molyneaux - Director
(British,Swiss, 65 years old, born December 1961)
Appointed 24 March 2004
 Active
Alexander Molyneaux - Director
(British,Swiss, 70 years old, born July 1956)
Appointed 15 May 2018
 Active
Secretaries
Show Resigned
Kim Molyneaux - Secretary
(British)
Appointed 24 March 2004
 Active
Other Company Directorships
Kim Molyneaux
KENWORTHY ENGINEERING AND CONSULTING LIMITED
OFTTECH SYSTEMS LIMITED
Alexander Molyneaux
OFTTECH SYSTEMS LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Sep-2022 30-Sep-2021 30-Sep-2020
Balance Sheet
Fixed Assets 216 78,691 78,802
Current Assets 25,219 88,019 55,021
Creditors Due Within One Year 162,475 274,780 242,274
Working Cap -137,256 -186,761 -187,253
Total Assets Less Current Liabilities -137,040 -108,070 -108,451
Long-term Liabilities 137,042 108,072 108,453
Net Assets 2 2 2
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2 2 2
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2022 30-Sep-2021 30-Sep-2020
Tangible Fixed Assets - - -
Fixed Assets 0.8% 47.2% 58.9%
Stocks Inventory - - -
Debtors 1.1% 0.0% -
Cash Bank In Hand 98.1% 52.8% 41.1%
Current Assets 99.2% 52.8% 41.1%
Creditors Due Within One Year 638.8% 164.8% 181.0%
Net Current Assets Liabilities -539.6% -112.0% -139.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities -538.8% -64.8% -81.0%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2022 30-Sep-2021 30-Sep-2020
Liquidity Ratio 0.2 0.3 0.2
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2022 30-Sep-2021 30-Sep-2020
Assets 25,435 166,710 133,823
Debt 25,433 166,708 133,821
Net Assets/Debt 2 2 2
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Confirmation statement made on 19 August 2023 with updates
Confirmation statement made on 15 January 2023 with no updates
Current accounting period extended from 31 March 2022 to 30 September 2022
Confirmation statement made on 15 January 2022 with no updates
Confirmation statement made on 15 January 2021 with no updates
Director's details changed for Dr Alexander Kenworthy Molyneaux on 1 January 2021
Change of details for Mrs Kim Noelle Molyneaux as a person with significant control on 1 January 2021
Registered office address changed from 49 Station Road Polegate East Sussex BN26 6EA England to 16 Blatchington Road Hove BN3 3YN on 12 November 2020
Director's details changed for Mrs Kim Noelle Molyneaux on 20 April 2020
Director's details changed for Dr Alexander Kenworthy Molyneaux on 20 April 2020
Secretary's details changed for Mrs Kim Noelle Molyneaux on 20 April 2020
Confirmation statement made on 15 January 2020 with no updates
Confirmation statement made on 15 January 2019 with no updates
Amended micro company accounts made up to 31 March 2018
Appointment of Dr Alex Kenworthy Molyneaux as a director on 15 May 2018
Confirmation statement made on 15 January 2018 with no updates
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