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European Food Brokers Limited

02596840

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

11TH FLOOR, BIRMINGHAM, B2 5LG
Incorporated 02/04/1991

Compliance

Last accounts

31/07/2021

small

Next accounts due

31/07/2023

Overdue

Confirmation statement

Last: 29/08/2023

Due 12/09/2024

Overdue

Industry

47250
Retail sale of beverages in specialised stores

Officers

Mr Balbir Singh Chatha

director · Since 01/03/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 25 other boards

Persons with Significant Control

Efb Holdings Ltd

75–100% shares
75–100% votes

European House, Darlaston Road, Walsall, WS2 9SQ

Reg: 03834285 · Companies House · Parent Company

Notified 06/03/2018

Charges1 outstanding

Charge
outstanding

RAJINDER SINGH CHATHA

Created 06/05/2020Registered 06/05/2020
charge
satisfied

BARCLAYS BANK PLC

Created 04/05/1999Registered 13/05/1999Satisfied 24/07/2004
charge
satisfied

BARCLAYS BANK PLC

Created 14/10/1997Registered 21/10/1997Satisfied 24/07/2004
charge
satisfied

BARCLAYS BANK PLC

Created 15/02/1996Registered 26/02/1996Satisfied 24/07/2004
charge
satisfied

BARCLAYS BANK PLC

Created 01/07/1993Registered 09/07/1993Satisfied 24/07/2004

Insolvency History1 case

creditors voluntary liquidation11/12/2023

Mark Malone (practitioner) · Gareth Prince (practitioner)

CompanyRankvs 15+ SIC 47250 peers
20

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.76× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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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.

Employees0/15 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Going Concern Doubt

unqualified. EUROPEAN FOOD BROKERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 9 Audit report information (Continued) - 8 - Material uncertainty related to going concern In forming our opinion on the financial statements, we have considered the adequacy of the disclosures made in note 1.2 to the financial statements concerning the reported losses incurred

Key FinancialsYear ending 31/07/2021

Net Worth

£8.0M

Balance sheet strength

Cash

£529k

Cash in the bank

Net Current Assets

£6.6M

Working capital

Current Assets

£10.3M

Current Liabilities

£3.7M

Fixed Assets

£453k

Debtors

£8.3M

23avg. employees-12

People Costs(2020)

Wages & salaries£804k
NI contributions£71k

Balance Sheet

Intangible assets£28k
Assets less current liabilities£7.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20212.76+£0
20203.65+£0
20193.61—

Derived from filed accounts. Not audited figures.