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Goldcrest Distribution Ltd

02791022

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

C/O GOLDCREST FINANCE LIMITED FIRST FLOOR, SPINNINGFIELDS, M3 3HF
Incorporated 17/02/1993

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Darshan Lal Chawla

director · Since 17/02/1993

DIRECTOR

BRITISH · UNITED KINGDOM · Age 83

Also on 1 other board

Ranjit Kaur Chawla

director · Since 17/02/1993

DIRECTOR

INDIAN · UNITED KINGDOM · Age 84

Also on 1 other board

Mr Ravinder Singh Chawla

director · Since 17/02/1993

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Persons with Significant Control

Goldcrest Finance Limited

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

C/O Goldcrest Finance Limited First Floor, 3 Hardman Street, Manchester, M3 3HF

Reg: 03320726 · Companies House · Private Company Limited By Shares

Notified 31/07/2023

Former PSCs

Mr Ravinder Chawla

Ceased 31/07/2023

Mrs Ranjit Kaur Chawla

Ceased 31/07/2023

Mr Darshan Lal Chawla

Ceased 31/07/2023

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 19/03/2018Registered 23/03/2018
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/08/2009Registered 25/08/2009Satisfied 25/02/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/05/1999Registered 28/05/1999Satisfied 08/04/2016

CompanyRankvs 1481+ SIC 46900 peers
72

Financial strength99th percentile among SIC peers · 25/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 8.11× · 20/20
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 strength25/25 pts

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

Employees7/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2023

Net Worth

£10.8M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£10.7M

Working capital

Current Assets

£12.2M

Current Liabilities

£1.5M

Fixed Assets

£108k

Debtors

£12.2M

1avg. employees

Tax at Year End(2020)

Corp tax£330k

Balance Sheet

Assets less current liabilities£10.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20238.11+£341k
20227.50+£400k
20217.01—
20206.75—
20194.95—
20184.92—

Derived from filed accounts. Not audited figures.