CompanyScore · UK company financial-health indicators from Companies House filings
NITEX LTD.
10
DISTRESS
This is a balance-sheet distress indicator computed from the company's filed accounts — an indicator, not a prediction, and not a credit rating.
⚠ Two overlapping signals — weak balance sheet + declining score history. In our calibration (12,000+ UK insolvency notices, 2024–25 cohorts) this combination was linked most strongly with later insolvency (~1.1–1.4× baseline). An indicator, not a prediction.
Latest filed balance sheet
| Total assets | £101,285 |
| Current assets | £95,168 |
| Current liabilities | £206,516 |
| Total liabilities | £3.92m |
| Equity | -£3.82m |
| Working capital ratio (CA−CL)/TA | -109.9% |
| Equity cushion EQ/TA | -3767.5% |
As filed at Companies House. Full detail: open JSON.
Score history
Score history · 3 filed balance sheets · over 2 years · ▼ declining (-49 pts since 2023-06-30)
Recomputed from every filed balance sheet in the historic archive (as filed, not restated).
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Data: free Companies House filings, latest accounts · scores refreshed 2026-10-22 ·
methodology · score JSON
· CompanyScore is an independent analysis tool, not affiliated with Companies House.