Arts Club(London),Limited(The)
00047802
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/04/2011
BUSINESSMAN
BRITISH · ENGLAND · Age 80
Also on 6 other boards
Persons with Significant Control
Jai Sunder Waney
Hong Konger · United Arab Emirates · Age 69
40 Dover Street, London, W1S 4NP
Notified 28/03/2024
Charges1 outstanding
HSBC UK BANK PLC
LLOYDS BANK PLC
LLOYDS TSB BANK PLC
LLOYDS TSB BANK PLC
LLOYDS TSB BANK PLC
LLOYDS TSB BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
LLOYDS BANK PLC
ABBEY NATIONAL BLDG. SOC.
CompanyRankvs 20810+ SIC 94990 peers50
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
£9.92m, in relation to two joint and several guarantees it has provided in respect of a bank loan and lease agreement entered into by a joint venture company. Material uncertainty related to going concern We draw attention to notes 1.2 and 22 to the financial statements which describe the uncertainties arising in relation to two joint and several guarantees of up to £9.92m in aggregate provided fo
Key FinancialsYear ending 31/12/2021
Turnover
£21.7M
Annual revenue
Net Worth
£2.6M
Balance sheet strength
Cash
£5.6M
Cash in the bank
Profit Before Tax
-£498k
Bottom line earnings
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£12.5M
Fixed Assets
£7.0M
Debtors
£1.1M
Cost of Sales
£12.4M
Gross Profit
£9.3M
Admin Expenses
£8.8M
Profit After Tax
-£514k
Tax at Year End(2020)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2021 | — | +£0 |
| 2020 | — | -£2.6M |
| 2019 | 1.24 | — |
Derived from filed accounts. Not audited figures.