Company Overview
I & C Process Solutions Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 16 February 2017, so this is a well established company. I & C Process Solutions Limited has been in business for 9 years and 1 month. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Unit 1, Axis Park Orchardton Road, Cumbernauld, Glasgow, G68 9LB
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Companies House Data
Company NameI & C PROCESS SOLUTIONS LIMITED
Company NumberSC557905
Registered Office AddressUnit 1, Axis Park Orchardton Road
 Cumbernauld
 G68 9LB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/02/2017
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date16/03/2018
Directors & Members
Show Resigned
Christian Keen - Director
(British, 62 years old, born March 1964)
Appointed 15 September 2022
 Active
Stephen Paterson - Director
(British, 36 years old, born January 1990)
Appointed 20 August 2024
 Active
Secretaries
Show Resigned
Alexandra Badel - Secretary
Appointed 20 November 2023
 Active
Ben Morrill - Secretary
Appointed 20 November 2023
 Active
Other Company Directorships
Christian Keen
AGILITY IMPACT HOLDINGS LIMITED
AGILITY SOLAR LTD
AGILITY SURVEY LTD
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ARAN ENERGY HOLDINGS LIMITED
ARAN GROUP HOLDINGS LIMITED
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BGEN LIMITED
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M GROUP WATER (MEICA PROJECTS) LIMITED
M GROUP WATER (NETWORK INFRASTRUCTURE) LIMITED
MIDAS BIDCO I LIMITED
MIDAS TOPCO LIMITED
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MINERVA EQUITY LIMITED
MINERVA HOLDCO LIMITED
NORWOOD GROUP LIMITED
SATISFY RECRUITMENT SERVICES LIMITED
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TELENT TECHNOLOGY SERVICES LIMITED
THOR TOPCO LIMITED
Stephen Paterson
BFP SERVICES LIMITED
BGEN CLEAN ENERGY LIMITED
BGEN LIMITED
BGEN PROJECT SERVICES LIMITED
BGEN TECHNOLOGY LIMITED
BUILDING ENGINEERING SOLUTIONS LIMITED
IDS HOLDINGS LIMITED
M GROUP WATER (MEICA MAINTENANCE & PROJECTS) LIMITED
M GROUP WATER (MEICA PROJECTS) LIMITED
M GROUP WATER (MEICA SPECIALIST) LIMITED
M GROUP WATER (NETWORK INFRASTRUCTURE) LIMITED
M GROUP WATER LIMITED
NORWOOD GROUP LIMITED
SATISFY RECRUITMENT SERVICES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2020 31-Mar-2019
Balance Sheet
Fixed Assets 0 0 0
Current Assets 30,881 30,881 71,072
Creditors Due Within One Year 179,305 179,305 222,927
Working Cap -148,424 -148,424 -151,855
Total Assets Less Current Liabilities -148,424 -148,424 -151,855
Long-term Liabilities 0 0 0
Net Assets -148,424 -148,424 -151,855
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -148,424 -148,424 -151,855
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2020 31-Mar-2019
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors 92.3% 92.3% 95.3%
Cash Bank In Hand 7.7% 7.7% 4.7%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 580.6% 580.6% 313.7%
Net Current Assets Liabilities -480.6% -480.6% -213.7%
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 -480.6% -480.6% -213.7%
Capital Employed - - -
Total Assets Less Current Liabilities -480.6% -480.6% -213.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2020 31-Mar-2019
Liquidity Ratio 0.2 0.2 0.3
Solvency Ratio 0.2 0.2 0.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2020 31-Mar-2019
Assets 30,881 30,881 71,072
Debt 179,305 179,305 222,927
Net Assets/Debt -148,424 -148,424 -151,855

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
Other Business around G68 9LB
No other companies found in the same location
Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Director's details changed for Mr Christian Keen on 24 March 2025
Confirmation statement made on 2 February 2025 with no updates
Statement of capital on 3 January 2025
Statement by Directors
Solvency Statement dated 19/12/24
Resolutions
Termination of appointment of Jonathan Yarr as a director on 18 December 2024
Termination of appointment of Peter Alan Tosland as a director on 18 December 2024
Termination of appointment of Iain James Sutherland as a director on 18 December 2024
Termination of appointment of Alain Hubertus Philomena Loosveld as a director on 18 December 2024
Termination of appointment of Andrew Robert Findlay as a director on 18 December 2024
Satisfaction of charge SC5579050002 in full
Consolidated accounts of parent company for subsidiary company period ending 31/03/24
Audit exemption statement of guarantee by parent company for period ending 31/03/24
Notice of agreement to exemption from audit of accounts for period ending 31/03/24
Termination of appointment of James Michael Hobson as a director on 31 October 2024
Appointment of Mr Stephen John Paterson as a director on 20 August 2024
Registration of charge SC5579050002, created on 5 March 2024
Confirmation statement made on 2 February 2024 with no updates
Termination of appointment of Iain Doherty as a director on 1 February 2024
Appointment of Mr Iain James Sutherland as a director on 1 February 2024
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