Company Overview
Lite Ip Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 04 December 2012, so this is a well established company. Lite Ip Limited has been in business for 13 years and 3 months. The accounts status is small and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Unit D Deacons Boat Yard Bridge Road, Bursledon, Southampton, Hampshire, SO31 8AW
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Companies House Data
Company NameLITE IP LIMITED
Company Number08317714
Registered Office AddressUnit D Deacons Boat Yard Bridge Road
 Bursledon
 SO31 8AW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/12/2012
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategorySMALL
Returns Next Due Date01/01/2017
Returns Last Made Up Date04/12/2015
Previous Company NameChanged Date
MANDACO 757 LIMITED20 Mar 2013
Directors & Members
Show Resigned
Bjorn-Erik Askestad - Director
(Norwegian, 60 years old, born February 1966)
Appointed 02 March 2021
 Active
David Lippold - Director
(British, 61 years old, born February 1965)
Appointed 28 March 2013
 Active
Knut Rusten - Director
(Norwegian, 63 years old, born October 1963)
Appointed 02 March 2021
 Active
Secretaries
Show Resigned
Other Company Directorships
Bjorn-Erik Askestad
No companies found
David Lippold
COMPACT LIGHTING LIMITED
F.W. THORPE PUBLIC LIMITED COMPANY
FITZGERALD LIGHTING CORNWALL LIMITED
IP65 LIMITED
MANDACO 516 LIMITED
WIREFIELD LIMITED
Knut Rusten
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2018 31-Dec-2017
Balance Sheet
Fixed Assets 80,469 80,469 75,470
Current Assets 644,103 644,103 548,764
Creditors Due Within One Year 307,217 307,217 212,836
Working Cap 336,886 336,886 335,928
Total Assets Less Current Liabilities 417,355 417,355 411,398
Long-term Liabilities 0 0 95,000
Net Assets 417,355 417,355 316,398
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 417,355 417,355 316,398
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2018 31-Dec-2017
Tangible Fixed Assets - - -
Fixed Assets 11.1% 11.1% 12.1%
Stocks Inventory - - -
Debtors 48.7% 48.7% 37.1%
Cash Bank In Hand 22.3% 22.3% 39.0%
Current Assets 88.9% 88.9% 87.9%
Creditors Due Within One Year 42.4% 42.4% 34.1%
Net Current Assets Liabilities 46.5% 46.5% 53.8%
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 57.6% 57.6% 50.7%
Capital Employed - - -
Total Assets Less Current Liabilities 57.6% 57.6% 65.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2018 31-Dec-2017
Liquidity Ratio 2.1 2.1 2.6
Solvency Ratio 2.4 2.4 2.0
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 31-Dec-2024 31-Dec-2018 31-Dec-2017
Assets 724,572 724,572 624,234
Debt 307,217 307,217 307,836
Net Assets/Debt 417,355 417,355 316,398

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 appeared positive. We would normally view a company positively for this. 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.

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 appeared positive. We would normally view a company positively for this. 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 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 appeared positive. We would normally view a company positively for this. 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.

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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Document Filings
Termination of appointment of Elin Sandoy Misund as a director on 6 March 2026
Termination of appointment of David Edward Hunt as a director on 6 March 2026
Confirmation statement made on 14 January 2025 with updates
Confirmation statement made on 14 January 2024 with no updates
Confirmation statement made on 14 January 2023 with no updates
Confirmation statement made on 14 January 2022 with updates
Registered office address changed from 49 Park Lane Fareham Hampshire PO16 7LE England to Unit D Deacons Boat Yard Bridge Road Bursledon Southampton Hampshire SO31 8AW on 20 May 2021
Appointment of Elin Sandoy Misund as a director on 2 March 2021
Appointment of Bjorn-Erik Askestad as a director on 2 March 2021
Appointment of Knut Syltevig Rusten as a director on 2 March 2021
Appointment of Mr David Edward Hunt as a director on 2 March 2021
Cessation of David Michael Lippold as a person with significant control on 2 March 2021
Notification of Glamox Luxonic Limited as a person with significant control on 2 March 2021
Termination of appointment of Dominic Pirkhoffer as a director on 2 March 2021
Termination of appointment of Sheila Lesly Lippold as a director on 2 March 2021
Confirmation statement made on 14 January 2021 with updates
Statement of capital following an allotment of shares on 24 January 2020
Resolutions
Confirmation statement made on 24 January 2020 with updates
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