ORIAC SOLUTIONS LIMITED
Company number 05684713 · Monitor this company
Executive summary
Oriac Solutions Limited has transitioned from a modestly capitalised software services provider to a technically insolvent business within a single financial year, with net assets swinging from £111,827 to a deficit of £62,293. The company's competitive position in the UK software development and implementation sector has been fundamentally compromised by severe working capital deterioration, evidenced by net current liabilities of £87,141 and a current ratio of just 0.40:1 – well below the 1.5:1 benchmark typical for healthy operators in this space. Survival depends entirely on continued director and shareholder support, with the going concern basis explicitly conditional on such accommodation, raising serious questions about the sustainability of the business model without significant restructuring or capital injection.
Shareholders' funds
£111,827
Balance sheet as at 2024-01-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2006-01-23
- Employees
- 4 (2024 accounts)
- Registered office
- 2 Leman Street, London, United Kingdom, E1W 9US
- Postcode
- E1W 9US
- Capital
- 9 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2025-01-31
- Next due by
- 2026-10-31
- Financial year end
- 31 January
Confirmation statement
- Last statement dated
- 2026-01-23
- Next due by
- 2027-02-06
Nature of business (SIC)
- 62012 Business and domestic software development
Officers 3 current · 6 resigned
Previous registered addresses 7
| Address | Changed on |
|---|---|
| 29 MANOR ROAD, FOLKESTONE, KENT, CT20 2SE, UNITED KINGDOM | 2013-01-21 |
| C/O SPAIN BROTHERS & CO, 29 MANOR ROAD, FOLKESTONE, KENT, CT20 2SE, UNITED KINGDOM | 2011-06-02 |
| ORIAC HOUSE 10 GLENMORE CENTRE, SHEARWAY BUSINESS PARK, PENT ROAD, FOLKESTONE, KENT, CT19 4RJ, UNITED KINGDOM | 2011-04-25 |
| SHEPWAY BUSINESS CENTRE, SHEARWAY BUSINESS PARK, SHEARWAY ROAD, FOLKESTONE, KENT, CT19 4RH | 2010-02-04 |
| C/O CPM, HASELEY MANOR, WARWICK, CV35 7LS | 2007-02-19 |
| SWC MANAGEMENT SERVICES, THE MANOR, HASELEY BUSINESS CENTRE, WARWICK CV35 7LS | 2006-02-03 |
| 44 UPPER BELGRAVE ROAD, CLIFTON, BRISTOL, BS8 2XN | 2006-01-31 |
Among its peers
Top 25%
by shareholders' funds, of 1,540 similar companies in E
Among the biggest employers among its local peers (4 staff).
Among the oldest 25% of its local peers, trading since 2006.
Competitors London
This company ranks 238 among business and domestic software development in London.
The class of 2006
43%
of the 1,224 companies in this sector incorporated in 2006 are still active today; 55% have since been dissolved.
A fact about the year, not a forecast for this company.