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Hi-Way Hi-Fi Limited

01352654

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

MAGNOLIA HOUSE, SPRING VILLA PARK, EDGWARE, HA8 7EB
Incorporated 13/02/1978

Compliance

Last accounts

29/03/2025

total exemption full

Next accounts due

29/12/2026

On track

Confirmation statement

Last: 19/10/2025

Due 02/11/2026

On track

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Arvind Mithalal Mehta

director · Since 30/12/1991

DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 3 other boards

Arvind Mithalal Mehta

secretary · Since 20/06/1995

DIRECTOR

BRITISH · UNITED KINGDOM · Age 76

Also on 3 other boards

Mr Nimish Arvind Mehta

director · Since 25/05/2007

SALES DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 2 other boards

Persons with Significant Control

Arvind Mithalal Mehta

25–50% shares
25–50% votes
Appoint directors

British · England · Age 76

Magnolia House, Spring Villa Park, 11 Spring Villa Road, Edgware, HA8 7EB

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

REDWOOD BANK LIMITED

Created 08/03/2024Registered 19/03/2024
Charge
outstanding

REDWOOD BANK LIMITED

Created 08/03/2024Registered 12/03/2024
Charge
satisfied

KSEYE CAPITAL HOLDINGS LIMITED

Created 09/03/2022Registered 10/03/2022Satisfied 15/04/2024
Charge
satisfied

PALLADIAN CAPITAL LIMITED

Created 13/04/2015Registered 22/04/2015Satisfied 31/08/2021
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 20/06/2005Registered 25/06/2005Satisfied 31/08/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/05/2003Registered 14/05/2003Satisfied 31/08/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/05/2003Registered 14/05/2003Satisfied 05/08/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/04/2002Registered 24/04/2002Satisfied 31/08/2021
charge
satisfied

LLOYDS BANK PLC

Created 04/02/1994Registered 23/02/1994Satisfied 10/09/2010
charge
satisfied

LLOYDS BANK PLC

Created 11/12/1991Registered 19/12/1991Satisfied 26/07/2002
charge
satisfied

LLOYDS BANK PLC

Created 18/08/1989Registered 08/09/1989Satisfied 10/09/2010
charge
satisfied

LLOYDS BANK PLC

Created 19/09/1985Registered 04/10/1985Satisfied 26/07/2002

CompanyRankvs 415+ SIC 68100 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 5.81× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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415Hi-Way Hi-Fi Limited
89
How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 29/03/2025

Net Worth

£1.8M

Balance sheet strength

Cash

£359k

Cash in the bank

Net Current Assets

£363k

Working capital

Current Assets

£438k

Current Liabilities

£75k

Fixed Assets

£2.4M

Debtors

£79k

4avg. employees

Balance Sheet

Assets less current liabilities£2.8M
Signed by Mr Nimish Mehta 15 December 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20255.81-£43k
20244.16-£63k
20231.77-£8k
20222.00-£310k
20210.62-£32k
20200.60—

Derived from filed accounts. Not audited figures.