Company Overview
Hitchin Initiative Limited is listed at the official companies registry as Active Private Limited By Guarantee Without Share Capital. The company was incorporated on Monday 11 September 1995, so this is a well established company. Hitchin Initiative Limited has been in business for 30 years and 7 months. The accounts status is total exemption full and the accounts are next due on Tuesday 30 December 2025.
Registered Address

1A Churchyard, Hitchin, SG5 1HR
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Companies House Data
Company NameHITCHIN INITIATIVE LIMITED
Company Number03100655
Registered Office Address1a Churchyard
 SG5 1HR
Company CategoryPrivate Limited By Guarantee Without Share Capital
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date11/09/1995
Accounting Reference Date Day30
Accounting Reference Date Month3
Accounts Next Due Date30/03/2026
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date09/10/2016
Returns Last Made Up Date11/09/2015
Previous Company NameChanged Date
HITCHIN TOWN CENTRE INITIATIVE LIMITED03 Jun 2009
Directors & Members
Show Resigned
Simon Kirbyshire - Director
(British, 59 years old, born March 1967)
Appointed 09 March 2022
 Active
John Simmonds - Director
(British, 80 years old, born July 1946)
Appointed 22 April 2022
 Active
Brent Smith - Director
(British, 81 years old, born January 1945)
Appointed 02 October 1995
 Active
Emma Tarbox - Director
(British, 54 years old, born May 1972)
Appointed 09 March 2022
 Active
Secretaries
Show Resigned
John Simmonds - Secretary
(British)
Appointed 02 October 1995
 Active
Other Company Directorships
Simon Kirbyshire
HITCHIN BID LIMITED
HITCHIN MARKETS LIMITED
John Simmonds
HITCHIN MARKETS LIMITED
M&G GB LIMITED
RELATE CENTRAL AND NORTHERN HERTFORDSHIRE LIMITED
RELATE NORTH HERTS & STEVENAGE
SHCF LLP
ST. CHRISTOPHER SCHOOL (LETCHWORTH) LIMITED
WAGSTAFFS WEALTH MANAGEMENT LIMITED
Brent Smith
ASPEN FYNDS LIMITED
B & K PROPERTIES (HITCHIN) LIMITED
BEAMS LIMITED
BRENT SMITH ASSOCIATES LTD.
BRICKFIELDS MANAGEMENT COMPANY (WARE) LIMITED
FINE ARTLINCS LIMITED
HERTFORDSHIRE BUILDING PRESERVATION TRUST LIMITED
HITCHIN FESTIVAL
HITCHIN MARKETS LIMITED
HITCHIN TOWN HALL LIMITED
LANTERN CONSTRUCTION LIMITED
LANTERN INVESTMENTS (HITCHIN) LIMITED
MOUNTFORD HALL LTD
PENTANGLE DESIGN LIMITED
WOODRITE LIMITED
Emma Tarbox
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 10,484 10,484 18,571
Current Assets 38,409 38,409 30,806
Creditors Due Within One Year 15,558 15,558 7,438
Working Cap 22,851 22,851 23,368
Total Assets Less Current Liabilities 33,335 33,335 41,939
Long-term Liabilities 0 0 0
Net Assets 33,335 33,335 41,939
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 33,335 33,335 41,939
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 21.4% 21.4% 37.6%
Stocks Inventory - - -
Debtors 23.5% 23.5% 16.6%
Cash Bank In Hand 52.0% 52.0% 37.9%
Current Assets 78.6% 78.6% 62.4%
Creditors Due Within One Year 31.8% 31.8% 15.1%
Net Current Assets Liabilities 46.7% 46.7% 47.3%
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 68.2% 68.2% 84.9%
Capital Employed - - -
Total Assets Less Current Liabilities 68.2% 68.2% 84.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Liquidity Ratio 2.5 2.5 4.1
Solvency Ratio 3.1 3.1 6.6
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 31-Mar-2024 31-Mar-2022 31-Mar-2021
Assets 48,893 48,893 49,377
Debt 15,558 15,558 7,438
Net Assets/Debt 33,335 33,335 41,939

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

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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WELL RUN SPORTS LIMITED
8 CHURCHYARD, HITCHIN, SG5 1HR
Document Filings
Termination of appointment of Kevin Thomas Morgan as a director on 17 March 2026
Confirmation statement made on 10 September 2025 with no updates
Appointment of Mr John Simmonds as a director on 22 April 2022
Termination of appointment of Morag Norgan as a director on 19 February 2025
Confirmation statement made on 10 September 2024 with no updates
Confirmation statement made on 10 September 2023 with no updates
Termination of appointment of Paul Kenneth Shadbolt as a director on 26 April 2022
Termination of appointment of James Wilson Hunter as a director on 26 April 2022
Current accounting period shortened from 31 March 2022 to 30 March 2022
Confirmation statement made on 10 September 2022 with no updates
Appointment of Mr Simon Kirbyshire as a director on 9 March 2022
Appointment of Emma Lorraine Tarbox as a director on 9 March 2022
Confirmation statement made on 10 September 2021 with no updates
Termination of appointment of Judi Billing as a director on 17 June 2020
Termination of appointment of Julie Kim Donnelly as a director on 11 June 2020
Termination of appointment of David John Howlett as a director on 30 August 2019
Confirmation statement made on 11 September 2020 with no updates
Compulsory strike-off action has been discontinued
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