ON_IDLE LTD
Company number 03796831 · Monitor this company
The annual accounts for this company are overdue.
Executive summary
ON_IDLE LTD is a 25-year-old micro-entity in IT services facing existential uncertainty, with an active proposal to strike off the register and a financial history characterized by extreme volatility—including negative net assets of £80,584 in 2023 that only partially recovered to £21,874 in 2024. The company operates with minimal infrastructure (£2 share capital, 2 employees, £6,383 fixed assets) and no discernible competitive moat beyond longevity, making any growth strategy contingent on first resolving the strike-off status and recapitalizing the balance sheet. The immediate strategic priority is determining whether the business should pursue orderly dissolution or urgent financial and operational restructuring to preserve entity value.
Shareholders' funds
£21,874
Balance sheet as at 2024-06-29
Overview
- Company type
- Private Limited Company
- Incorporated
- 1999-06-28
- Registered office
- Lincoln House, 75 Brokesley Street, London, E3 4QJ
- Postcode
- E3 4QJ
- Capital
- 2 GBP
- Accounts category
- Micro
Accounts
- Last made up to
- 2024-06-29
- Next due by
- 2026-03-29 Overdue
- Financial year end
- 29 June
Confirmation statement
- Last statement dated
- 2026-08-01
- Next due by
- 2027-08-15
Nature of business (SIC)
- 62090 Other information technology service activities
Officers 4 current · 3 resigned
Previous registered addresses 4
| Address | Changed on |
|---|---|
| 1 RIDDELL COURT, 20 ALBANY ROAD, LONDON, SE5 0DS | 2001-02-13 |
| 1 RIDDELL COURT, 20 ALBANY ROAD, LONDON, SE5 0DS | 2001-02-13 |
| 376 EUSTON ROAD, LONDON, NW1 3BL | 1999-07-02 |
| 376 EUSTON ROAD, LONDON, NW1 3BL | 1999-07-02 |
The class of 1999
31%
of the 1,687 companies in this sector incorporated in 1999 are still active today; 67% have since been dissolved.
A fact about the year, not a forecast for this company.