Company Overview
It Factory Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 24 February 2014, so this is a well established company. It Factory Limited has been in business for 12 years and 1 month. The accounts status is micro entity and the accounts are next due on Tuesday 30 November 2021.
Registered Address

57 Dan Y Coed Road, Cardiff, CF23 6NE
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Companies House Data
Company NameIT FACTORY LIMITED
Company Number08908367
Registered Office Address57 Dan Y Coed Road
 CF23 6NE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/02/2014
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date30/11/2021
Accounts Last Made Up Date28/02/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date24/03/2017
Returns Last Made Up Date24/02/2016
Directors & Members
Asad Qadeer - Director
(British, 38 years old, born March 1988)
Appointed 24 February 2014
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Asad Qadeer
AMBALA RESTAURANT LIMITED
CLYDE CARS LIMITED
CYNCOED CONSULTANCY LIMITED
ESTATE FACTORY SALES LIMITED
FM CARS LIMITED
KA MOTORS LIMITED
Balance Sheet Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Balance Sheet
Fixed Assets 0 2,001 5,001
Current Assets 11,039 2,000 39,000
Creditors Due Within One Year -32,615 -35,500 7,833
Working Cap 43,654 37,500 31,167
Total Assets Less Current Liabilities 43,654 39,501 36,168
Long-term Liabilities 65,230 71,000 8,400
Net Assets 43,654 39,501 27,768
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 43,654 39,501 27,768
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Tangible Fixed Assets - - -
Fixed Assets 0.0% 50.0% 11.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 50.0% 88.6%
Creditors Due Within One Year -295.5% -887.3% 17.8%
Net Current Assets Liabilities 395.5% 937.3% 70.8%
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 395.5% 987.3% 63.1%
Capital Employed - - -
Total Assets Less Current Liabilities 395.5% 987.3% 82.2%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Liquidity Ratio -0.3 -0.1 5.0
Solvency Ratio 0.3 0.1 2.7
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 28-Feb-2020 28-Feb-2019 28-Feb-2018
Assets 11,039 4,001 44,001
Debt 32,615 35,500 16,233
Net Assets/Debt 43,654 39,501 27,768
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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.   Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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
First Gazette notice for voluntary strike-off
Voluntary strike-off action has been suspended
Application to strike the company off the register
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 24 February 2021 with no updates
Confirmation statement made on 24 February 2020 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 24 February 2019 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 24 February 2018 with no updates
Confirmation statement made on 24 February 2017 with updates
Annual return made up to 24 February 2016 with full list of shareholders
Compulsory strike-off action has been discontinued
Annual return made up to 24 February 2015 with full list of shareholders
First Gazette notice for compulsory strike-off
Incorporation
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