Company Overview
Qubit Health Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 18 July 2017, so this is a well established company. Qubit Health Limited has been in business for 8 years and 8 months. The accounts status is total exemption full and the accounts are next due on Sunday 20 October 2024.
Registered Address

4385, 10872056 - Companies House Default Address, Cardiff, CF14 8LH
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Companies House Data
Company NameQUBIT HEALTH LIMITED
Company Number10872056
Registered Office Address10872056 - COMPANIES HOUSE DEFAULT ADDRESS
 CF14 8LH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date18/07/2017
Accounting Reference Date Day20
Accounting Reference Date Month10
Accounts Next Due Date20/10/2024
Accounts Last Made Up Date20/10/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date15/08/2018
Directors & Members
Show Resigned
Daniel Lynagh - Director
(British, 35 years old, born March 1991)
Appointed 18 July 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Daniel Lynagh
AGATHIST LTD
CASTELNAU PROPERTY INVESTMENTS LTD
LYNAGH PROPERTY INVESTMENTS LIMITED
Balance Sheet Unlock full report
Accounts Date 20-Oct-2023 31-Jul-2022 31-Jul-2021
Balance Sheet
Fixed Assets 0 0 85
Current Assets 148,115 148,115 147,772
Creditors Due Within One Year 99,289 99,289 106,472
Working Cap 48,826 48,826 41,300
Total Assets Less Current Liabilities 48,826 48,826 41,385
Long-term Liabilities 136,572 136,572 124,572
Net Assets -87,746 -87,746 -83,187
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -87,746 -87,746 -83,187
Common Size Financial Analysis Unlock full report
Accounts Date 20-Oct-2023 31-Jul-2022 31-Jul-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.1%
Stocks Inventory - - -
Debtors 71.7% 71.7% 97.4%
Cash Bank In Hand 28.3% 28.3% 2.5%
Current Assets 100.0% 100.0% 99.9%
Creditors Due Within One Year 67.0% 67.0% 72.0%
Net Current Assets Liabilities 33.0% 33.0% 27.9%
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 -59.2% -59.2% -56.3%
Capital Employed - - -
Total Assets Less Current Liabilities 33.0% 33.0% 28.0%
Financial Ratio Analysis Unlock full report
Accounts Date 20-Oct-2023 31-Jul-2022 31-Jul-2021
Liquidity Ratio 1.5 1.5 1.4
Solvency Ratio 0.6 0.6 0.6
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 20-Oct-2023 31-Jul-2022 31-Jul-2021
Assets 148,115 148,115 147,857
Debt 235,861 235,861 231,044
Net Assets/Debt -87,746 -87,746 -83,187

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
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
First Gazette notice for compulsory strike-off
Confirmation statement made on 17 July 2024 with no updates
Previous accounting period extended from 31 July 2023 to 20 October 2023
Registered office address changed to PO Box 4385, 10872056 - Companies House Default Address, Cardiff, CF14 8LH on 23 February 2024
Confirmation statement made on 17 July 2023 with updates
Cessation of Karina Malhotra as a person with significant control on 31 March 2023
Termination of appointment of Karina Malhotra as a director on 31 March 2023
Confirmation statement made on 17 July 2022 with updates
Confirmation statement made on 17 July 2021 with updates
Director's details changed for Miss Karina Malhotra on 30 October 2020
Director's details changed for Mr Daniel Lynagh on 30 October 2020
Registered office address changed from Evolution House Iceni Court Delft Way Norwich Norfolk NR6 6BB United Kingdom to 85 Great Portland Street London W1W 7LT on 14 March 2021
Confirmation statement made on 17 July 2020 with updates
Confirmation statement made on 17 July 2019 with updates
Director's details changed for Miss Karina Malhotra on 24 April 2019
Director's details changed for Mr Daniel Lynagh on 24 April 2019
Registered office address changed from 1 Parkside Crescent Surbiton KT5 9HT United Kingdom to Evolution House Iceni Court Delft Way Norwich Norfolk NR6 6BB on 24 April 2019
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