Sabichi Homewares Limited
02947642
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 12/07/1994
ADMINISTRATOR
BRITISH · UNITED KINGDOM · Age 70
Also on 21 other boards
director · Since 12/07/1994
ADMINISTRATOR
BRITISH · UNITED KINGDOM · Age 70
Also on 21 other boards
director · Since 12/07/1994
MANUFACTURER AND IMPORTER
BRITISH · UNITED KINGDOM · Age 73
Also on 8 other boards
director · Since 01/11/2006
MANAGER
BRITISH · UNITED KINGDOM · Age 44
Also on 2 other boards
director · Since 14/04/2010
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 43
Also on 3 other boards
Persons with Significant Control
Bagga Holdings Ltd
5, Robin Hood Lane, Sutton, SM1 2SW
Reg: 11710294 · Companies House · Limited
Notified 31/01/2019
Former PSCs
Mr Tarsem Bagga
Ceased 31/01/2019
Charges4 outstanding
BARCLAYS BANK PLC
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BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 84+ SIC 46439 peers66
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Key FinancialsYear ending 31/10/2024
Net Worth
£10.4M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
£1.5M
Bottom line earnings
Net Current Assets
£7.8M
Working capital
Current Assets
£17.7M
Current Liabilities
£10.0M
Fixed Assets
£2.9M
Debtors
£8.8M
Cost of Sales
£26.9M
Admin Expenses
£3.3M
Profit After Tax
£1.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.78 | +£575k |
| 2023 | 1.94 | +£596k |
| 2022 | 2.54 | +£61k |
| 2021 | 2.54 | — |
Derived from filed accounts. Not audited figures.