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The Second Generation Company (1994) Limited

02924603

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

43 BRIDGE ROAD, GRAYS, RM17 6BU
Incorporated 03/05/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Balbinder Singh Ba (Hons) Accounting Studies

director · Since 03/05/1994

MANAGEMENT ACCOUNTANT

BRITISH · ENGLAND · Age 59

Also on 1 other board

Persons with Significant Control

Balbinder Singh

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

British · England · Age 59

43, Bridge Road, Grays, RM17 6BU

Notified 01/07/2016

Charges2 outstanding

charge
satisfied

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 18/11/2009Satisfied 06/11/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 14/11/2009Satisfied 06/11/2024
charge
outstanding

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 14/11/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 12/11/2009Satisfied 06/11/2024
charge
outstanding

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 12/11/2009
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/10/2009Registered 12/11/2009Satisfied 06/11/2024

CompanyRankvs 68167+ SIC 68209 peers
49

Financial strength94th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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68167The Second Generation Company (1994) Limited
59
How is this score calculated?
Financial strength24/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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 31/05/2025

Net Worth

£1.3M

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£280k

Working capital

Current Assets

£8k

Current Liabilities

£287k

Fixed Assets

£1.5M

Debtors

£122

0avg. employees

Balance Sheet

Bank loans & overdrafts£2k
Assets less current liabilities£1.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.03+£0
20250.03+£29k
20240.05+£451k
20230.01—

Derived from filed accounts. Not audited figures.