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Audiorec Limited

02127392

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)

Details

C/O KISHENS LIMITED, BEXLEY, DA5 3AP
Incorporated 01/05/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Amish Patel

secretary · Since 22/04/2010

Mr Amish Dinkar Patel

director · Since 31/12/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 10 other boards

Ms Priya Mahesh Patel

director · Since 31/12/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 9 other boards

Mr Dwijesh Patel

director · Since 01/04/2011

TRAINEE SOLICITOR

BRITISH · UNITED KINGDOM · Age 39

Also on 1 other board

Persons with Significant Control

Mrs Gargi Jyotindra Patel

50–75% shares

British · England · Age 61

C/O Kishens Limited, 13 Montpelier Avenue, Bexley, DA5 3AP

Notified 02/07/2017

Former PSCs

Mr Jyotindra Appabhai Patel

Ceased 02/07/2017

Charges0 outstanding

charge
satisfied

EQUATONIAL BANK PLC.

Created 30/06/1988Registered 05/07/1988Satisfied 21/05/1997

CompanyRankvs 351+ SIC 59200 peers
82

Financial strength70th percentile among SIC peers · 18/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 67.64× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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351Audiorec Limited
82
How is this score calculated?
Financial strength18/25 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.

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

Key FinancialsYear ending 31/07/2024

Net Worth

£5k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£61k

Working capital

Current Assets

£62k

Current Liabilities

£910

Fixed Assets

£341

3avg. employees

Balance Sheet

Assets less current liabilities£61k
Signed by 02127392 2023-08-01 2024-07-31 02127392 2024-07-31 02127392 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
202467.64+£4k
202327.11+£9k
202217.90+£21k
202132.76-£62k
202027.49-£10k
201990.29-£28k
20180.54—

Derived from filed accounts. Not audited figures.