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Farah Chemists Limited

03271081

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

136 ARMSTRONG ROAD, NEWCASTLE UPON TYNE, NE4 8PR
Incorporated 30/10/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46460
Wholesale of pharmaceutical goods

Officers

Mr Mohammed Mushtaq Ahmed

secretary · Since 09/12/1996

PHARMACIST

BRITISH · Age 72

Mohammed Mushtaq Ahmed

director · Since 09/12/1996

PHARMACIST

BRITISH · UNITED KINGDOM · Age 72

Also on 1 other board

Shakeel Ahmed

director · Since 01/05/2007

MANAGER

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Mr Nabeel Ahmed

director · Since 16/09/2017

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 3 other boards

Persons with Significant Control

Isaa Holdings Limited

75–100% shares

44, Adelaide Terrace, Newcastle Upon Tyne, NE4 8BL

Reg: 07313262 · England · Limited Company

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

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satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK)

Created 20/11/2014Registered 22/11/2014Satisfied 15/03/2023
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satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK)

Created 14/11/2014Registered 18/11/2014Satisfied 15/03/2023
charge
satisfied

SANTANDER UK PLC

Created 30/06/2010Registered 11/12/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 06/12/2010Registered 11/12/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 14/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP

Created 31/08/2010Registered 04/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP

Created 31/08/2010Registered 04/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP

Created 31/08/2010Registered 04/09/2010Satisfied 27/11/2014
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/06/2010Registered 08/07/2010Satisfied 27/11/2014
charge
satisfied

BARCLAYS BANK PLC

Created 14/01/1997Registered 20/01/1997Satisfied 03/07/2010

CompanyRankvs 182+ SIC 46460 peers
75

Financial strength94th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.83× · 16/20
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 strength24/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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 31/10/2024

Net Worth

£2.0M

Balance sheet strength

Cash

£83k

Cash in the bank

Net Current Assets

£719k

Working capital

Current Assets

£1.6M

Current Liabilities

£862k

Fixed Assets

£5.6M

Debtors

£612k

47avg. employees+12

Balance Sheet

Intangible assets£4.0M
Bank loans & overdrafts£4.2M
Assets less current liabilities£6.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20241.83+£26k
20232.40+£11k
20220.29-£3.4M
20211.15+£3.8M
20201.21

Derived from filed accounts. Not audited figures.