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Firn Overseas Packaging Limited

01225618

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

85A NORTHBROOK STREET, NEWBURY, RG14 1AE
Incorporated 08/09/1975

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Paul Meechan

secretary · Since 05/10/2006

BRITISH · UNITED KINGDOM · Age 60

Also on 35 other boards

Mr Paul Meechan

director · Since 06/03/2007

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 60

Also on 35 other boards

Dr Ibrahim Elgammal

director · Since 16/12/2013

NONE

CANADIAN · CANADA · Age 78

Tarek Elgammal

director · Since 16/12/2013

NONE

CANADIAN · CANADA · Age 42

Mr Samy Azzam

director · Since 15/03/2016

TRADER

BRITISH · CYPRUS · Age 50

Mr Michael Hayes

director · Since 10/01/2021

SALES

BRITISH · ENGLAND · Age 65

Persons with Significant Control

Mrs Nermine Elgammal

25–50% shares

Canadian · Canada · Age 74

85a, Northbrook Street, Newbury, RG14 1AE

Notified 28/07/2016

Dr Ibrahim Elgammal

25–50% shares
25–50% votes
Appoint directors
right-to-appoint-and-remove-directors-as-firm

Canadian · Canada · Age 78

85a, Northbrook Street, Newbury, RG14 1AE

Notified 28/07/2016

Former PSCs

Dr Mohammed Azzam

Ceased 31/08/2018

Charges0 outstanding

Charge
satisfied

MONDI PAPER SALES GMBH

Created 09/01/2014Registered 20/01/2014Satisfied 25/06/2014
charge
satisfied

BANCO EXTERIOR DE ESPANA, S.A.

Created 27/03/1996Registered 29/03/1996Satisfied 24/09/1997
charge
satisfied

BANQUE PARIBAS

Created 26/07/1990Registered 15/08/1990Satisfied 02/11/1994
charge
satisfied

BANQUE PARIBAS

Created 26/07/1990Registered 15/08/1990Satisfied 02/11/1994
charge
satisfied

BSI BANCA DELLA SYIJJERA ITALIANA

Created 19/01/1990Registered 31/01/1990Satisfied 04/06/2013
charge
satisfied

BSI - BANCA DELLA SYIJJERA ITALIANA

Created 19/01/1990Registered 31/01/1990Satisfied 04/06/2013

CompanyRankvs 1277+ SIC 46900 peers
73

Financial strength77th percentile among SIC peers · 19/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.97× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 30/11/2024

Net Worth

£60k

Balance sheet strength

Cash

£5.1M

Cash in the bank

Profit Before Tax

£1.8M

Bottom line earnings

Net Current Assets

£16.5M

Working capital

Current Assets

£20.7M

Current Liabilities

£4.2M

Fixed Assets

£57k

Debtors

£15.5M

Cost of Sales

£70.4M

Admin Expenses

£2.0M

Profit After Tax

£1.3M

8avg. employees-1

Tax at Year End

Corp tax£148k

People Costs

Wages & salaries£1.2M

Balance Sheet

Assets less current liabilities£16.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20244.97+£0
20235.67+£0
20222.43+£0
20211.82+£0
20201.40+£0
20191.56

Derived from filed accounts. Not audited figures.