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Closet Clothing Co Limited

03239878

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

Details

COOTS & BOOTS, SUITE 35, UNIT 2, 94A, NORTHAMPTON, NN1 5JF
Incorporated 20/08/1996

Compliance

Last accounts

31/12/2023

total exemption full

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 15/02/2025

Due 01/03/2026

Overdue

Industry

46420
Wholesale of clothing and footwear

Officers

Mr Mohammad Sajjad Baig

director · Since 22/08/1996

BUYER

BRITISH · ENGLAND · Age 61

Also on 5 other boards

Persons with Significant Control

Mr Mohammad Sajjad Baig

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

British · England · Age 61

140, Spackmans Way, Slough, SL1 2SB

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 17/04/2024Registered 08/05/2024
charge
satisfied

HSBC BANK PLC

Created 29/11/2010Registered 30/11/2010Satisfied 14/05/2026
charge
outstanding

HSBC BANK PLC

Created 19/02/2010Registered 23/02/2010
charge
outstanding

HSBC BANK PLC

Created 15/09/2008Registered 17/09/2008
charge
satisfied

HABIB BANK AG ZURICH

Created 23/03/2005Registered 30/03/2005Satisfied 02/06/2025
charge
satisfied

HSBC BANK PLC

Created 19/02/2002Registered 20/02/2002Satisfied 03/06/2005

Insolvency History1 case

creditors voluntary liquidation21/07/2025

Duncan Coutts (practitioner) · Rupen Patel (practitioner)

CompanyRankvs 15+ SIC 46420 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.45× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding 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

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.

Key FinancialsYear ending 31/12/2023

Net Worth

£1.8M

Balance sheet strength

Cash

£127k

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£3.2M

Current Liabilities

£1.3M

Fixed Assets

£288k

Debtors

£1.6M

25avg. employees-7

Balance Sheet

Bank loans & overdrafts£326k
Assets less current liabilities£2.2M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20232.45-£335k
20222.22+£234k
20212.27+£267k
20202.54+£227k
20191.69-£284k
20181.65

Derived from filed accounts. Not audited figures.