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Rinse It Out Limited

03252788

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

87 EAST AVENUE, MIDDLESEX, UB3 2HS
Incorporated 20/09/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Steven Chandra Savale

director · Since 20/09/1996

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 1 other board

Mr Pravin Kumar Patel

secretary · Since 06/06/2001

BRITISH · ENGLAND · Age 67

Also on 6 other boards

Persons with Significant Control

Mr Steven Chandra Savale

25–50% shares

British · England · Age 63

87 East Avenue, Middlesex, UB3 2HS

Notified 15/07/2016

Charges1 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 18/08/2001Registered 31/08/2001

CompanyRankvs 8848+ SIC 59200 peers
29

Financial strength1th percentile among SIC peers · 0/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.1× · 2/20
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 strength0/25 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.

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 31/03/2025

Net Worth

-£289k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£269k

Working capital

Current Assets

£31k

Current Liabilities

£300k

Fixed Assets

£4k

1avg. employees

Balance Sheet

Assets less current liabilities-£265k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.10+£0
20250.10-£20k
20240.15-£61k
20230.24+£19k
20220.21-£26k
20210.29-£69k
20200.49+£39k
20190.25

Derived from filed accounts. Not audited figures.