# IT ACOUNTANTS LTD (12621978)

> IT ACOUNTANTS LTD is an active private limited company (company number 12621978) incorporated on 26 May 2020, registered in Wembley. Its registered activity is financial management (SIC 70221). Latest micro accounts cover the period ending 31 May 2025, showing net assets of −£43k, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 82% on the prior period (−£24k).

- Status: Active
- Incorporated: 2020-05-26
- Registered office: Wembley, HA9 9HF
- SIC 70221: Financial management
- Next accounts due: 2027-02-28
- Confirmation statement due: 2027-06-09
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 1,174 comparable companies in Greater London (median £4,469, upper quartile £41k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-05-31 | −£43k | — | — | £55k | — | — | 0 |
| 2024-05-31 | −£24k | — | — | £81k | — | — | — |

current ratio 0.22; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-42,854 at 31 May 2025
- Net assets down 25% or more on the prior period: -81.8% vs prior period
- Current assets below creditors within one year: Current ratio 0.22
- Incorporated five or more years ago: Incorporated 26 May 2020

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Mehrdad Faiz-Mahdavi — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2020-05-26

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/12621978
HTML: https://firmoscan.com/company/12621978-it-acountants-ltd