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Mechagryl Limited

02153709

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 7, 715 NORTH CIRCULAR ROAD, NW2 7AQ
Incorporated 10/08/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46180
Agents specialised in the sale of other particular products
46690
Wholesale of other machinery and equipment
46711
Wholesale of petroleum and petroleum products

Officers

Mr Nitishchandra Gulabchand Lovchand Shah

secretary · Since 01/02/1992

BRITISH · UNITED KINGDOM · Age 79

Also on 1 other board

Mr Nitishchandra Gulabchand Lovchand Shah

director · Since 01/02/1992

DIRECTOR

BRITISH · ENGLAND · Age 79

Also on 1 other board

Mr Saurabh Nitishchandra Shah

director · Since 01/02/2025

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 1 other board

Persons with Significant Control

Mr Nitishchandra Gulabchand Lovchand Shah

50–75% shares

British · England · Age 79

Unit 7, North Circular Road, London, NW2 7AQ

Notified 03/01/2017

Mrs Lata Nitishchandra Shah

25–50% shares

British · England · Age 72

Unit 7, North Circular Road, London, NW2 7AQ

Notified 03/01/2017

Mr Saurabh Nitishchandra Shah

25–50% shares

British · England · Age 50

Unit 7, North Circular Road, London, NW2 7AQ

Notified 03/01/2017

Charges2 outstanding

charge
satisfied

ALBARAKA INTERNATIONAL BANK LIMITED

Created 06/11/1992Registered 14/11/1992Satisfied 10/12/1996
charge
outstanding

ALBARAKA INTERNATIONAL BANK LIMITED

Created 01/04/1992Registered 14/04/1992
charge
outstanding

ALBARAKA INTERNATIONAL BANK LIMITED

Created 04/03/1992Registered 10/03/1992
charge
satisfied

BANK OF CREDIT AND COMMERCE INTERNATIONAL SOCIETE ANONYNE

Created 27/10/1989Registered 31/10/1989Satisfied 10/12/1996

CompanyRankvs 3915+ SIC 46180 peers
37

Financial strength2th percentile among SIC peers · 1/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.9× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 pts

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

Liquidity6/20 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 29/09/2024

Net Worth

-£179k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£179k

Working capital

Current Assets

£1.7M

Current Liabilities

£1.8M

Fixed Assets

£320

Debtors

£1.7M

Profit After Tax

£5k

2avg. employees+1

Balance Sheet

Assets less current liabilities-£179k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.90+£5k
20230.90+£3k
20220.90+£15k
20210.89-£410k
20208.87-£4k
20198.12-£3k
2018-0.84

Derived from filed accounts. Not audited figures.