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Italgrade Limited

01656592

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

LINCOLN HOUSE, LONDON, W14 0QL
Incorporated 05/08/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mrs Ibtisam Mohamed Said Auchi

director · Since 26/03/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 85

Also on 1 other board

Ms Luma Auchi

director · Since 17/06/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 4 other boards

Persons with Significant Control

General Mediterranean Holding (Uk) Ltd

75–100% shares

Lincoln House, Hammersmith Road, London, W14 0QL

Reg: 02618212 · Companies House · Ltd Company

Notified 01/06/2021

Former PSCs

Mr Arif Husain

Ceased 27/12/2017

Lady Ibtisam Auchi

Ceased 01/06/2021

Charges1 outstanding

charge
outstanding

BANK OF CREDIT & COMMERCE INTERNATIONAL SOCIETEANONYME LICENSED DEPOSIT TAKEN

Created 03/08/1987Registered 13/08/1987

CompanyRankvs 16771+ SIC 46900 peers
26

Financial strength0th percentile among SIC peers · 0/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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16771Italgrade Limited
36
How is this score calculated?
Financial strength0/25 pts

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

Employees4/15 pts

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

Liquidity2/20 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 31/12/2024

Net Worth

-£6.3M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£6.6M

Working capital

Current Assets

£109k

Current Liabilities

£6.7M

Fixed Assets

£303k

0avg. employees-2

Balance Sheet

Assets less current liabilities-£6.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.02+£0
20230.02-£12.6M
20220.02+£304k
20210.01+£202k
20200.42+£159k
20190.00+£356k
20180.04+£219k
20170.02—

Derived from filed accounts. Not audited figures.