SIMPLIFY DEBT LTD
Company number SC699376 · Active · Glasgow G46 8NG
SIMPLIFY DEBT LTD is an active private limited company (company number SC699376) incorporated on 20 May 2021, registered in Glasgow. Its registered activity is financial intermediation not elsewhere classified (SIC 64999). Latest small accounts cover the period ending 31 May 2025, showing net assets of £18 and cash of £220, with 2 employees on average. Net assets fell 93% on the prior period (£251).
By net assets it sits in the lower half of 331 comparable companies in Glasgow (median £12k, upper quartile £104k).
Key dates
- Incorporated
- 20 May 2021
- Next accounts due
- 28 February 2027 — in 134 days
- Confirmation statement due
- 3 June 2027 — in 229 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 64999
- Financial intermediation not elsewhere classified
- Accounts type
- Total Exemption Full
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 May 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 May 2025 | £18 | £220 | £141k | £145k | — | — | 2 |
| 31 May 2024 | £251 | £8,907 | £68k | £82k | — | — | 2 |
- Current ratio
- 0.97 — current liabilities exceed current assets
- Cash per employee
- £110
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
Firmoscan score: 52/100 (grade C)
- +10 Positive net assets — Net assets £18 at 2025-05-31
- -8 Net assets falling — -92.8% vs prior period
- -8 Current liabilities exceed current assets — Current ratio 0.97
- +8 Established — Incorporated 2021-05-20 (5 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Mr Martin David Innes — owns 25–50% of shares · since 20 May 2021
- Mr Tayler Lee Sands — owns 25–50% of shares · since 20 May 2021
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Glasgow
Same activity (financial intermediation not elsewhere classified), closest in incorporation date.
- PERSPECT FINANCIAL PLANNING LIMITED — Glasgow, inc. May 2021
- THOMSON ASSOCIATES FINANCIAL ADVISERS LTD — Hamilton, inc. May 2021
- DREAMKEY MORTGAGE SOLUTIONS LTD — Motherwell, inc. May 2021
- WHITE FINANCIAL UAB UK LTD — Glasgow, inc. Apr 2021
- COMPLETE FINANCING LTD — Glasgow, inc. Jun 2021
- ARROWHEAD FINANCIAL LTD — Airdrie, inc. Jun 2021
Reminders for SIMPLIFY DEBT LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.