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Safedale Limited

02651047

active
ltd
england wales
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 10 outstanding charges (-10)

Details

114-116 Goodmayes Road, Ilford, IG3 9UZ
Incorporated 03/10/1991

Previously known as

Readies Limited · until 25/10/1991

Compliance

Last accounts

30/04/2025

medium

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 07/07/2025

Due 21/07/2026

On track

Industry

47730
Dispensing chemist in specialised stores

Officers

Mrs Kumud Balubhai Patel

secretary · Since 16/10/1991

SECRETARY

BRITISH · Age 83

Also on 1 other board

Mr Amit Balubhai Patel

director · Since 31/03/1992

PHARMACIST

BRITISH · ENGLAND · Age 59

Also on 8 other boards

Mr Mayank Patel

director · Since 01/07/2026

BRITISH · UNITED KINGDOM · Age 53

Mrs Shruti Patel

director · Since 01/07/2026

BRITISH · UNITED KINGDOM · Age 56

Kumud Balubhai Patel

secretary · Since 16/10/1991

British

Amit Balubhai Patel

director · Since 31/03/1992

British · United Kingdom · Age 59

Former

Chettleburgh'S Limited

corporate nominee director · Resigned 16/10/1991

Chettleburgh International Limited

corporate nominee secretary · Resigned 16/10/1991

Piyushbhai Khushalbhai Patel

director · Resigned 23/03/2022

Balubhai Khushalbhai Patel

director · Resigned 19/12/2025

Persons with Significant Control

Safedale Holdings Ltd

75–100% shares
75–100% votes
Appoint directors

114-116 Goodmayes Road, Ilford, IG3 9UZ

Reg: 14983120 · England & Wales · Limited Company

Notified 05/07/2023

Former PSCs

Mr Piyushbhai Khushalbhai Patel

Ceased 23/03/2022

Mr Amit Balubhai Patel

Ceased 05/07/2023

Mr Balubhai Khushalbhai Patel

Ceased 05/07/2023

Charges10 outstanding

Charge
outstanding

BALUBHAI KHUSHALBHAI PATEL · PIYUSHBHAI KHUSHALBHAI PATEL · AMIT BALUBHAI PATEL · ARC TRUSTEES LIMITED

Created 23/04/2019Registered 26/04/2019
Charge
outstanding

LLOYDS BANK PLC

Created 02/03/2015Registered 03/03/2015
Charge
outstanding

LLOYDS BANK PLC

Created 15/05/2014Registered 29/05/2014
charge
outstanding

LLOYDS TSB BANK PLC

Created 18/02/2013Registered 28/02/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 19/09/2011Registered 22/09/2011Satisfied 06/04/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 19/09/2011Registered 22/09/2011Satisfied 06/04/2022
charge
outstanding

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 05/09/2024
charge
outstanding

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 06/04/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 25/05/2022
charge
outstanding

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 05/09/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 05/09/2024
charge
outstanding

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009
charge
outstanding

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 05/09/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2009Registered 28/04/2009Satisfied 06/04/2022
charge
outstanding

LLOYDS TSB BANK PLC

Created 09/02/2009Registered 11/02/2009

Change History

status → active
2026-07-21

Active

type → ltd
2026-07-21

Private Limited Company

address line1 → 114-116 Goodmayes Road
2026-07-21

114-116 GOODMAYES ROAD

post town → Ilford
2026-07-21

ILFORD

CompanyRankvs 15+ SIC 47730 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.79× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/04/2025

Turnover

£8.5M

Annual revenue

Net Worth

£8.0M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

-£127k

Bottom line earnings

Net Current Assets

£7.4M

Working capital

Current Assets

£8.4M

Current Liabilities

£950k

Fixed Assets

£654k

Debtors

£6.7M

Cost of Sales

£5.7M

Gross Profit

£2.8M

Admin Expenses

£129k

Operating Profit

£3.1M

Profit After Tax

£455k

56avg. employees-6

Tax at Year End

Corp tax£33k
Dividends paid£3k

People Costs

Wages & salaries£1.5M
NI contributions£133k

Balance Sheet

Intangible assets£66k
Assets less current liabilities£8.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20258.79-£133k
20243.25—

Derived from filed accounts. Not audited figures.