Company Overview
Recourse Ai Ltd. is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 22 March 2018. Recourse Ai Ltd. has been in business for 6 years and 1 month. The accounts status is total exemption full and the accounts are next due on Tuesday 31 December 2024.
Registered Address

Recourse Ai, 8 Hewitt Street, Manchester, M15 4GB
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Companies House Data
Company NameRECOURSE AI LTD.
Company Number11269312
Registered Office AddressRECOURSE AI
 8 HEWITT STREET
 M15 4GB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/03/2018
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2024
Accounts Last Made Up Date31/03/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date19/04/2019
Previous Company NameChanged Date
AIPATIENT LTD.18 Jan 2021
Directors & Members
Maksim Belousov - Director
(Lithuanian, 33 years old, born December 1991)
None - Appointed 09 January 2020
 Active
Aidan MacMillan - Director
(British, 31 years old, born June 1993)
None - Appointed 23 December 2022
 Active
Scott Martin - Director
(British, 30 years old, born July 1994)
Founder & Ceo - Appointed 22 March 2018
 Active
Richard Wolff - Director
(British, 63 years old, born October 1961)
None - Appointed 09 January 2020
 Active
Mark Wyatt - Director
(British, 52 years old, born July 1972)
None - Appointed 23 December 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Maksim Belousov
No companies found
Aidan MacMillan
No companies found
Scott Martin
No companies found
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Balance Sheet Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2021 31-Mar-2020
Balance Sheet
Fixed Assets 3,419 3,419 2,122
Current Assets 270,401 270,401 121,741
Creditors Due Within One Year 80,414 80,414 25,383
Working Cap 189,987 189,987 96,358
Total Assets Less Current Liabilities 193,406 193,406 98,480
Long-term Liabilities 438 438 0
Net Assets 192,968 192,968 98,480
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 192,968 192,968 98,480
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2021 31-Mar-2020
Tangible Fixed Assets - - -
Fixed Assets 1.2% 1.2% 1.7%
Stocks Inventory - - -
Debtors 24.7% 24.7% 21.3%
Cash Bank In Hand 74.0% 74.0% 76.9%
Current Assets 98.8% 98.8% 98.3%
Creditors Due Within One Year 29.4% 29.4% 20.5%
Net Current Assets Liabilities 69.4% 69.4% 77.8%
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 70.5% 70.5% 79.5%
Capital Employed - - -
Total Assets Less Current Liabilities 70.6% 70.6% 79.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2021 31-Mar-2020
Liquidity Ratio 3.4 3.4 4.8
Solvency Ratio 3.4 3.4 4.9
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-Mar-2023 31-Mar-2021 31-Mar-2020
Assets 273,820 273,820 123,863
Debt 80,852 80,852 25,383
Net Assets/Debt 192,968 192,968 98,480

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
Confirmation statement made on 21 March 2024 with no updates
Second filing of a statement of capital following an allotment of shares on 9 January 2020
Confirmation statement made on 21 March 2023 with updates
Statement of capital following an allotment of shares on 23 December 2022
Statement of capital following an allotment of shares on 29 December 2022
Resolutions
Memorandum and Articles of Association
Appointment of Aidan Macmillan as a director on 23 December 2022
Appointment of Mark Wyatt as a director on 23 December 2022
Change of details for Mr Scott Martin as a person with significant control on 23 December 2022
Confirmation statement made on 21 March 2022 with no updates
Director's details changed for Mr Scott Martin on 3 July 2021
Registered office address changed from Bonded Warehouse Lower Byrom St Manchester M3 4AP England to Recourse Ai 8 Hewitt Street Manchester M15 4GB on 20 May 2022
Confirmation statement made on 21 March 2021 with no updates
Resolutions
Registered office address changed from Bonded Warehouse Lower Byrom Street Manchester M3 4AP England to Bonded Warehouse Lower Byrom St Manchester M3 4AP on 17 January 2021
Registered office address changed from Manchester Technology Centre Manchester Technology Centre Oxford Rd Manchester M1 7ED England to Bonded Warehouse Lower Byrom St Manchester M3 4AP on 17 January 2021
Confirmation statement made on 21 March 2020 with updates
Appointment of Mr Maksim Belousov as a director on 9 January 2020
Appointment of Mr Richard Jonathan Wolff as a director on 9 January 2020
Change of details for Mr Scott Martin as a person with significant control on 9 January 2020
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