The Firmwatch take
Mitis Health Ltd (12564968) currently shows: At risk signal detected, based on accounts to 30 April 2025; last refreshed 24 May 2026. Net liabilities of £307k — assets do not cover obligations.
Companies House source·Accounts to 30 Apr 2025·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
1 public risk event on file
Pulse · Net assets, 2024–2025
↗ £94kIncorporated
20 April 2020
6 years on the register
Sector
Information technology consultancy
SIC 62020
Size
Not classified
Net assets
−£307k
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Risk events
1 on file
Public Gazette / Companies House
Analytics
Risk, value and sector comparison
Insolvency risk
30/100
watch risk
Estimated public-data value
-£307,035 - £0
low confidence - negative net assets visible value
Sector comparison
Sector: Information Technology
Sample: 149,047 companies
Negative net assets: 16.0%
- Net assets vs sector median
- -£309,309
- Working capital vs sector median
- £1,205,658
- Sector median current ratio
- 1.61
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Risk and value are estimates from public accounts only. They are not a credit score, valuation opinion or insolvency prediction guarantee. See methodology.
Balance sheet
Full extracted balance sheet
Bottom 10% in sector · Sector medians shown for 149,047 IT firms (2025).
Cash at bank
Bank balances disclosed in the public accounts.
Not disclosed
Current assets
Assets expected to turn into cash within one year.
£1,257,847
Current liabilities
Amounts due within one year (short-term creditors).
£45,988
Working capital
Current assets minus current liabilities.
£1,211,859
Median £6k
Fixed assets
Long-term tangible and intangible assets.
£2,540
Total assets less current liabilities
Fixed assets plus working capital.
£1,211,859
Net assets
What's left after liabilities are deducted from assets.
-£307,035
Median £2k
Equity (capital & reserves)
Shareholder funds.
-£307,035
Current ratio
Current assets divided by current liabilities. Above 1.0× is usually easier to fund.
27.4×
Median 1.6×
Figures extracted from the company's public XBRL/iXBRL filing. Fields shown as Not disclosed are not legally required for this filing type and are absent from the source document — they are not necessarily zero.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.