Company Overview
It Dropshop Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 20 September 2019. It Dropshop Ltd has been in business for 6 years and 6 months. The accounts status is total exemption full and the accounts are next due on Monday 30 June 2025.
Registered Address

17 Green Lanes, London, N16 9BS
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Companies House Data
Company NameIT DROPSHOP LTD
Company Number12218124
Registered Office Address17 Green Lanes
 N16 9BS
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date20/09/2019
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2025
Accounts Last Made Up Date30/09/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/10/2020
Directors & Members
Show Resigned
John Maguire - Director
(British, 75 years old, born August 1951)
Appointed 20 September 2019
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
John Maguire
AJ GLOBAL ENTERPRISES LIMITED
BITC01N LTD
BREAKING BIT LTD
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INDO CAPITAL LTD
INDO FINANCE LTD
INDO VENTURES LTD
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MERCANTILE FINANCE & GUARANTEE CORPORATION LIMITED
MERCANTILE TELECOMMUNICATIONS LTD.
MIDDLESEX BUSINESS SERVICES LTD
MIDDLESEX INTERNET RETAILING LTD
OSKMET (DRI) LIMITED
OSKMET (UK) LIMITED
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THE ADAM CORPORATION LIMITED
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VISION BUSINESS SERVICES LIMITED
VITALIS TECHNOLOGIES LTD
XAUXO LTD
Balance Sheet Unlock full report
Accounts Date 30-Sep-2023 30-Sep-2022 30-Sep-2021
Balance Sheet
Fixed Assets 1,913 1,913 2,054
Current Assets 1,645 1,645 11,662
Creditors Due Within One Year 8,727 8,727 1,919
Working Cap -7,082 -7,082 9,743
Total Assets Less Current Liabilities -5,169 -5,169 11,797
Long-term Liabilities 42,094 42,094 50,000
Net Assets -47,263 -47,263 -38,203
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -47,263 -47,263 -38,203
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2023 30-Sep-2022 30-Sep-2021
Tangible Fixed Assets - - -
Fixed Assets 53.8% 53.8% 15.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand 46.2% 46.2% 85.0%
Current Assets 46.2% 46.2% 85.0%
Creditors Due Within One Year 245.3% 245.3% 14.0%
Net Current Assets Liabilities -199.0% -199.0% 71.0%
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 -1328.4% -1328.4% -278.5%
Capital Employed - - -
Total Assets Less Current Liabilities -145.3% -145.3% 86.0%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2023 30-Sep-2022 30-Sep-2021
Liquidity Ratio 0.2 0.2 6.1
Solvency Ratio 0.1 0.1 0.3
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 30-Sep-2023 30-Sep-2022 30-Sep-2021
Assets 3,558 3,558 13,716
Debt 50,821 50,821 51,919
Net Assets/Debt -47,263 -47,263 -38,203

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.

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 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.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 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.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 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
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 19 April 2023 with updates
Cessation of Thames Digital Ltd as a person with significant control on 28 March 2023
Notification of Middlesex Business Services Ltd as a person with significant control on 28 March 2023
Termination of appointment of Sezgin Isguzar as a director on 14 October 2022
Confirmation statement made on 19 September 2022 with no updates
Registered office address changed from 86-90 Paul Street London EC2A 4NE England to 17 Green Lanes London N16 9BS on 13 December 2021
Confirmation statement made on 19 September 2021 with updates
Statement of capital following an allotment of shares on 31 July 2021
Director's details changed for Mr Sezgin Isguzar on 27 April 2021
Change of details for Mobysoft Software Development Ltd as a person with significant control on 8 October 2020
Confirmation statement made on 19 September 2020 with updates
Statement of capital following an allotment of shares on 1 July 2020
Statement of capital following an allotment of shares on 9 April 2020
Statement of capital following an allotment of shares on 17 January 2020
Statement of capital following an allotment of shares on 12 January 2020
Registered office address changed from 86-90 Paul Street 86-90 Paul Street London EC2A 4NE England to 86-90 Paul Street London EC2A 4NE on 6 June 2020
Registered office address changed from 3 Lincoln Court 226 Willesden Lane London NW2 5RG England to 86-90 Paul Street 86-90 Paul Street London EC2A 4NE on 6 June 2020
Statement of capital following an allotment of shares on 23 November 2019
Statement of capital following an allotment of shares on 23 November 2019
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