Company Overview
The Finance It Network Ltd is a Dissolved Private Limited Company.
Registered Address

104 Newmarket Street, Norwich, Norfolk, NR2 2DP
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Companies House Data
Company NameTHE FINANCE IT NETWORK LTD
Company Number06428422
Registered Office Address104 Newmarket Street
 NR2 2DP
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date15/11/2007
Accounting Reference Date Day30
Accounting Reference Date Month11
Accounts Next Due Date31/08/2019
Accounts Last Made Up Date30/11/2017
Returns Next Due Date13/12/2016
Returns Last Made Up Date15/11/2015
Directors & Members
Show Resigned
Alan Newman - Director
(British, 74 years old, born August 1952)
Appointed 01 June 2012
 Active
Secretaries
Jasbir Bagary - Secretary
(British)
Appointed 15 November 2007
 Active
Other Company Directorships
Alan Newman
CGO NETWORK LIMITED
QUADRANT 4 LIMITED
SKILLSEDGE LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Nov-2017 30-Nov-2016 30-Nov-2015
Balance Sheet
Fixed Assets -10 26,766 433
Current Assets 699 2,647 4,028
Creditors Due Within One Year -10,943 16,141 14,772
Working Cap 11,642 13,494 -10,744
Total Assets Less Current Liabilities 11,632 13,272 -10,311
Long-term Liabilities 21,886 26,544 0
Net Assets 11,632 -13,272 -10,311
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 11,632 -13,272 -10,311
Common Size Financial Analysis Unlock full report
Accounts Date 30-Nov-2017 30-Nov-2016 30-Nov-2015
Tangible Fixed Assets - - -
Fixed Assets -1.5% 91.0% 9.7%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 101.5% 9.0% 90.3%
Creditors Due Within One Year -1588.2% 54.9% 331.1%
Net Current Assets Liabilities 1689.7% 45.9% -240.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - -45.1% -231.1%
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 1688.2% -45.1% -231.1%
Capital Employed - - -
Total Assets Less Current Liabilities 1688.2% 45.1% -231.1%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Nov-2017 30-Nov-2016 30-Nov-2015
Liquidity Ratio -0.1 0.2 0.3
Solvency Ratio 0.1 0.7 0.3
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-Nov-2017 30-Nov-2016 30-Nov-2015
Assets 689 29,413 4,461
Debt 10,943 42,685 14,772
Net Assets/Debt 11,632 -13,272 -10,311
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
Registered office address changed from 31a High Street Chesham Bucks HP5 1BW to 104 Newmarket Street Norwich Norfolk NR2 2DP on 28 February 2018
Confirmation statement made on 15 November 2017 with no updates
Confirmation statement made on 15 November 2016 with updates
Annual return made up to 15 November 2015 with full list of shareholders
Annual return made up to 15 November 2014 with full list of shareholders
Annual return made up to 15 November 2013 with full list of shareholders
Annual return made up to 15 November 2012 with full list of shareholders
Director's details changed for Mr Alan Godfrey Newman on 23 November 2012
Termination of appointment of Kalwinder Bagary as a director
Appointment of Mr Alan Godfrey Newman as a director
Annual return made up to 15 November 2011 with full list of shareholders
Annual return made up to 15 November 2010 with full list of shareholders
Director's details changed for Kalwinder Singh Bagary on 11 November 2010
Secretary's details changed for Jasbir Kaur Bagary on 11 November 2010
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