SG PLATFORM LTD
Company number 08890359 · Monitor this company
The annual accounts for this company are overdue.
Executive summary
SG PLATFORM LTD (formerly Shift Group) is in liquidation following years of unsustainable losses totalling £12.6M in accumulated deficits, despite approximately £18.8M in equity injections across the two most recent financial years. The company's registered address at Opus Restructuring LLP confirms formal insolvency proceedings, and the last filed accounts reveal critical concerns including 91% debtor concentration in related-party balances and distressed subsidiary disposals at nominal consideration. Recovery prospects for creditors and any residual equity holders are highly uncertain pending the liquidator's assessment of asset realisability, particularly the £4.96M inter-company balances.
Shareholders' funds
£21,199,071
Balance sheet as at 2022-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2014-02-12
- Registered office
- Opus Restructuring Llp, 1 Radian Court, Knowlhill, MK5 8PJ
- Postcode
- MK5 8PJ
- Capital
- 3 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2022-03-31
- Next due by
- 2024-03-30 Overdue
- Financial year end
- 30 March
Confirmation statement
- Last statement dated
- 2024-02-12
- Next due by
- 2025-02-26
Nature of business (SIC)
- 98200 Undifferentiated service-producing activities of private households for own use
Officers 5 current · 5 resigned
Group structure 2 subsidiaries
Controlled by SHIFT GLOBAL HOLDINGS LTD — since 2023-12-28
-
SHIFT PORTFOLIO 2 LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| SHIFT GROUP LTD | 2024-03-18 |
| ITTECHNA LIMITED | 2018-01-02 |
Previous registered addresses 6
| Address | Changed on |
|---|---|
| ROCKETSPACE 40 ISLINGTON HIGH STREET, LONDON, N1 8EQ, ENGLAND | 2018-08-16 |
| ROCKETSPACE 40 ISLINGTON HIGH STREET, LONDON, N1 1XB, ENGLAND | 2018-01-08 |
| SUITE 2 5 PERCY STREET, LONDON, W1T 1DG, UNITED KINGDOM | 2017-12-29 |
| SUITE 2 5 PERCY STREET, UNITED KINGDOM, W1T 1DG, UNITED KINGDOM | 2017-09-11 |
| 2 WOODBERRY GROVE, LONDON, N12 0DR, UNITED KINGDOM | 2017-04-04 |
| WINNINGTON HOUSE 2 WOODBERRY GROVE, NORTH FINCHLEY, LONDON, N12 0DR | 2017-02-24 |
The class of 2014
24%
of the 587,315 companies incorporated in 2014 are still active today; 73% have since been dissolved.
A fact about the year, not a forecast for this company.