Company Overview
Itech Glasgow Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Wednesday 17 December 2014, so this is a well established company. Itech Glasgow Limited has been in business for 11 years and 3 months. The accounts status is total exemption full and the accounts are next due on Friday 30 December 2022.
Registered Address

C/O Begbies Traynor, Redheugh House Teesdale South Thornaby Place, Stockton-On-Tees, TS17 6SG
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Companies House Data
Company NameITECH GLASGOW LIMITED
Company Number09358650
Registered Office AddressC/O BEGBIES TRAYNOR
 Redheugh House Teesdale South Thornaby Place
 TS17 6SG
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date17/12/2014
Accounting Reference Date Day30
Accounting Reference Date Month12
Accounts Next Due Date30/12/2022
Accounts Last Made Up Date30/12/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date08/12/2016
Returns Last Made Up Date10/11/2015
Directors & Members
Show Resigned
Shahid Salim - Director
(British, 51 years old, born April 1975)
Appointed 01 January 2016
 Active
Secretaries
Show Resigned
Other Company Directorships
Shahid Salim
ORGANIC SOLUTIONS SCOT LIMITED
SOOPERDEALZ1 LTD
WHAT SCARF LTD
Balance Sheet Unlock full report
Accounts Date 30-Dec-2020 31-Dec-2019 31-Dec-2018
Balance Sheet
Fixed Assets 0 0 0
Current Assets 41,595 41,595 46,685
Creditors Due Within One Year 27,983 27,983 39,497
Working Cap 13,612 13,612 7,188
Total Assets Less Current Liabilities 13,612 13,612 7,188
Long-term Liabilities 0 0 0
Net Assets 13,612 13,612 7,188
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 13,612 13,612 7,188
Common Size Financial Analysis Unlock full report
Accounts Date 30-Dec-2020 31-Dec-2019 31-Dec-2018
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors 3.0% 3.0% 5.3%
Cash Bank In Hand 88.4% 88.4% 75.0%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 67.3% 67.3% 84.6%
Net Current Assets Liabilities 32.7% 32.7% 15.4%
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 32.7% 32.7% 15.4%
Capital Employed - - -
Total Assets Less Current Liabilities 32.7% 32.7% 15.4%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Dec-2020 31-Dec-2019 31-Dec-2018
Liquidity Ratio 1.5 1.5 1.2
Solvency Ratio 1.5 1.5 1.2
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-Dec-2020 31-Dec-2019 31-Dec-2018
Assets 41,595 41,595 46,685
Debt 27,983 27,983 39,497
Net Assets/Debt 13,612 13,612 7,188

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. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows Liquidation.

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. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows Liquidation.  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. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows Liquidation.

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
Liquidators' statement of receipts and payments to 15 August 2024
Liquidators' statement of receipts and payments to 15 August 2023
Registered office address changed from Suite 1, Parkway 5, Emerson Business Centre 300 Princess Road Manchester M14 7HR England to Redheugh House Teesdale South Thornaby Place Stockton-on-Tees TS17 6SG on 12 September 2022
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 1 November 2021 with no updates
Previous accounting period shortened from 31 December 2020 to 30 December 2020
Confirmation statement made on 1 November 2020 with no updates
Cessation of Tariq Mahmood Bashir Shaheen as a person with significant control on 1 January 2019
Notification of Shahid Salim as a person with significant control on 1 January 2019
Confirmation statement made on 1 November 2019 with updates
Confirmation statement made on 1 November 2018 with no updates
Registered office address changed from Suite 6, Parkway 5, Parkway Business Centre,300 Princess Road Manchester M14 7HR England to Suite 1, Parkway 5, Emerson Business Centre 300 Princess Road Manchester M14 7HR on 3 January 2018
Confirmation statement made on 1 November 2017 with no updates
Registered office address changed from 622a Stockport Road Manchester M13 0SH to Suite 6, Parkway 5, Parkway Business Centre,300 Princess Road Manchester M14 7HR on 10 May 2017
Confirmation statement made on 10 November 2016 with updates
Termination of appointment of Shahid Salim as a secretary on 31 December 2015
Appointment of Mr Shahid Salim as a director on 1 January 2016
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