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Lb Enterprises Limited

03537221

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

118-126 ILFORD LANE, ESSEX, IG1 2LE
Incorporated 30/03/1998

Compliance

Last accounts

31/07/2025

full

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 01/03/2026

Due 15/03/2027

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47210
Retail sale of fruit and vegetables in specialised stores

Officers

Mr Arvind Bachubhai Sedani

secretary · Since 30/03/1998

BUSINESSMAN

BRITISH · UNITED KINGDOM · Age 73

Also on 1 other board

Mr Arvind Bachubhai Sedani

director · Since 30/03/1998

BUSINESSMAN

BRITISH · UNITED KINGDOM · Age 73

Also on 1 other board

Mr Vipul Bachubhai Sedani

director · Since 30/03/1998

BUSINESSMAN

BRITISH · UNITED KINGDOM · Age 62

Persons with Significant Control

Mr Arvind Bachubhai Sedani

25–50% shares
25–50% votes

British · United Kingdom · Age 73

118-126 Ilford Lane, Essex, IG1 2LE

Notified 06/04/2016

Mr Vipul Bachubhai Sedani

25–50% shares
25–50% votes

British · United Kingdom · Age 62

118-126 Ilford Lane, Essex, IG1 2LE

Notified 06/04/2016

Mrs Pragna Pius Sedani

25–50% shares
25–50% votes

British · United Kingdom · Age 63

118-126 Ilford Lane, Essex, IG1 2LE

Notified 30/06/2021

Former PSCs

Mr Pius Bachubhai Sedani

Ceased 29/06/2021

Charges5 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 04/02/2022Registered 09/02/2022
charge
outstanding

BARCLAYS BANK PLC

Created 15/02/2011Registered 16/02/2011
charge
outstanding

BARCLAYS BANK PLC

Created 14/11/2006Registered 18/11/2006
charge
outstanding

BARCLAYS BANK PLC

Created 14/11/2006Registered 18/11/2006
charge
outstanding

BARCLAYS BANK PLC

Created 03/08/1998Registered 11/08/1998

CompanyRankvs 26+ SIC 47110 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.36× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

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

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

risk The company's principal foreign currency exposures arise from trading with overseas companies. The company policy does not permit exposures to be hedged in order to fix the cost in sterling. Going concern The directors have assessed the company's ability to continue as a going concern which has included a review of forecast cash flows, future expected trading performance as well as availa

Key FinancialsYear ending 31/07/2024

Turnover

£47.5M

Annual revenue

Net Worth

£19.7M

Balance sheet strength

Cash

£8.1M

Cash in the bank

Profit Before Tax

£2.9M

Bottom line earnings

Net Current Assets

£7.0M

Working capital

Current Assets

£12.1M

Current Liabilities

£5.1M

Fixed Assets

£16.2M

Debtors

£709k

Cost of Sales

£39.7M

Gross Profit

£7.8M

Admin Expenses

£5.3M

Operating Profit

£2.9M

Profit After Tax

£2.2M

109avg. employees+4

Tax at Year End

Corp tax£364k
Dividends paid-£1.9M

People Costs

Wages & salaries£2.4M
NI contributions£170k

Balance Sheet

Bank loans & overdrafts£410k
Assets less current liabilities£23.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20242.36+£6.1M
20201.61—

Derived from filed accounts. Not audited figures.