UK Companies House feature
11:11 SYSTEMS UK LIMITED
Cash
£998K
-24% vs 2023
Net assets
£10M
+8.3% vs 2023
Employees
65
-1.5% vs 2023
Profit before tax
£1M
+1,168% vs 2023
Profile
- Company number
- 06366153
- Status
- Active
- Incorporation
- 2007-09-10
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 63110
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £11,590,781 | — | — | — | — | |
| Operating profit | — | £2,409,336 | — | — | — | — | |
| Profit before tax | — | £2,300,986 | — | — | £101,340 | £1,284,974 | |
| Net profit | — | £1,805,135 | — | — | £101,340 | £798,905 | |
| Cash | — | £1,951,371 | — | — | £1,314,187 | £998,218 | |
| Total assets less current liabilities | — | £4,785,461 | — | — | £11,522,770 | £12,265,161 | |
| Net assets | — | £3,696,697 | — | — | £9,602,053 | £10,400,958 | |
| Equity | £1,891,562 | £3,696,697 | — | — | £9,602,053 | £10,400,958 | |
| Average employees | — | 33 | — | — | 66 | 65 | |
| Wages | — | £3,030,684 | — | — | £6,914,821 | £7,032,256 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Kirk Rice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Turnover increased by 21% due to new customers, increased storage needs, and price increases. Gross profit margin decreased from 75% to 69% due to the reallocation of Datacenter cost to cost of sales. An intercompany loan for a large expansion project was repaid in the current year.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIAMOND, Brett Edward | Director | 2021-12-23 | Apr 1977 | American |
| SHALHOUB, Mark | Director | 2025-08-27 | Oct 1977 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| USSHER, Eduardo Brian | Secretary | 2007-09-10 | 2021-12-23 |
| JPCORS LIMITED | Corporate Secretary | 2007-09-10 | 2007-09-10 |
| BAUM, Andrew James | Director | 2021-12-23 | 2025-08-27 |
| EMMERT, Jonathan Adam | Director | 2021-12-23 | 2025-08-27 |
| SPARVERO, Scott Robert | Director | 2007-09-10 | 2021-12-23 |
| USSHER, Eduardo Brian | Director | 2007-09-10 | 2021-12-23 |
| JPCORD LIMITED | Corporate Director | 2007-09-10 | 2007-09-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Scott Robert Sparvero | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-12-23 |
| Mr Eduardo Brian Ussher | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-12-23 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-10-08 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-08 | CH01 | officers | change person director company with change date |
| 2025-09-15 | AA | accounts | accounts with accounts type full |
| 2025-08-28 | TM01 | officers | termination director company with name termination date |
| 2025-08-28 | TM01 | officers | termination director company with name termination date |
| 2025-08-28 | AP01 | officers | appoint person director company with name date |
| 2025-01-10 | CERTNM | change-of-name | certificate change of name company |
| 2024-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-24 | AA | accounts | accounts with accounts type full |
| 2023-09-15 | AA | accounts | accounts with accounts type full |
| 2023-09-12 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-26 | AA | accounts | accounts with accounts type full |
| 2022-09-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-02-04 | PSC08 | persons-with-significant-control | notification of a person with significant control statement |
| 2022-01-04 | CH01 | officers | change person director company with change date |
| 2022-01-04 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-01-04 | CH01 | officers | change person director company with change date |
| 2022-01-04 | AP01 | officers | appoint person director company with name date |
| 2022-01-04 | AP01 | officers | appoint person director company with name date |
| 2022-01-04 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
2.90
SAFE
Altman Z″
- Working capital / Total assets 0.244 × 6.56 = +1.60
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.055 × 6.72 = +0.37
- Book equity / Total liabilities 0.885 × 1.05 = +0.93
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
43.5
COOL
/ 100
- Filings velocity 50
- Capital events 0
- Officer churn 75
- Headcount trajectory 49
- Accounts trajectory 58
- 6 filing(s) in last 12 months
- 1 appointed, 2 resigned (12mo)
- Employees -2% YoY
- Net Assets +8% YoY