Company Overview
Tonic Solutions Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 22 July 2013, so this is a well established company. Tonic Solutions Ltd has been in business for 10 years and 9 months. The accounts status is unaudited abridged and the accounts are next due on Tuesday 30 April 2024.
Registered Address

Princess House, Princess Way, Swansea, West Glamorgan, SA1 3LW
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Companies House Data
Company NameTONIC SOLUTIONS LTD
Company Number08618951
Registered Office AddressPrincess House
 Princess Way
 SA1 3LW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/07/2013
Accounting Reference Date Day31
Accounting Reference Date Month7
Accounts Next Due Date30/04/2024
Accounts Last Made Up Date31/07/2022
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date19/08/2016
Returns Last Made Up Date22/07/2015
Directors & Members
Nicholas Hill - Director
(British, 39 years old, born June 1985)
It Consultant - Appointed 22 July 2013
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Nicholas Hill
SPENSES LTD
Balance Sheet Unlock full report
Accounts Date 31-Jul-2022 31-Jul-2021 31-Jul-2020
Balance Sheet
Fixed Assets 6,299 6,299 5,345
Current Assets 27,859 27,859 77,758
Creditors Due Within One Year 15,483 15,483 30,642
Working Cap 12,376 12,376 47,116
Total Assets Less Current Liabilities 18,675 18,675 52,461
Long-term Liabilities 30,697 30,697 31,016
Net Assets -12,022 -12,022 21,445
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -12,022 -12,022 21,445
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jul-2022 31-Jul-2021 31-Jul-2020
Tangible Fixed Assets - - -
Fixed Assets 18.4% 18.4% 6.4%
Stocks Inventory - - -
Debtors 53.1% 53.1% 21.8%
Cash Bank In Hand 28.5% 28.5% 71.8%
Current Assets 81.6% 81.6% 93.6%
Creditors Due Within One Year 45.3% 45.3% 36.9%
Net Current Assets Liabilities 36.2% 36.2% 56.7%
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 -35.2% -35.2% 25.8%
Capital Employed - - -
Total Assets Less Current Liabilities 54.7% 54.7% 63.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jul-2022 31-Jul-2021 31-Jul-2020
Liquidity Ratio 1.8 1.8 2.5
Solvency Ratio 0.7 0.7 1.3
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 31-Jul-2022 31-Jul-2021 31-Jul-2020
Assets 34,158 34,158 83,103
Debt 46,180 46,180 61,658
Net Assets/Debt -12,022 -12,022 21,445

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 net assets figure is negative. 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 net assets figure is negative. 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 net assets figure is negative. 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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Document Filings
Confirmation statement made on 22 July 2023 with no updates
Confirmation statement made on 22 July 2022 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 22 July 2021 with no updates
Director's details changed for Mr Nicholas John Hill on 27 July 2021
Change of details for Mr Nicholas John Hill as a person with significant control on 27 July 2021
Confirmation statement made on 22 July 2020 with no updates
Confirmation statement made on 22 July 2019 with no updates
Confirmation statement made on 22 July 2018 with no updates
Confirmation statement made on 22 July 2017 with updates
Director's details changed for Mr Nicholas John Hill on 30 January 2017
Confirmation statement made on 22 July 2016 with updates
Annual return made up to 22 July 2015 with full list of shareholders
Director's details changed for Mr Nicholas John Hill on 1 August 2014
Annual return made up to 22 July 2014 with full list of shareholders
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