Hair Systems Europe Limited
03688136
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/01/2001
PRESIDENT HAIR SYSTEMS INC
AMERICAN · UNITED STATES · Age 63
Persons with Significant Control
Mr William Edward Covey Jr
American · United States · Age 63
141-143, Camford Way, Luton, LU3 3AN
Notified 19/02/2024
Former PSCs
Mrs Marjorie Minehan Covey
Ceased 19/02/2024
Charges1 outstanding
JOHN ANDREW JASON AND JANE NINOT JASON
COMMERCE BANK N.A.
CompanyRankvs 449+ SIC 20420 peers40
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
-£476k
Balance sheet strength
Cash
£191k
Cash in the bank
Net Current Assets
-£493k
Working capital
Current Assets
£633k
Current Liabilities
£1.1M
Fixed Assets
£17k
Debtors
£208k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.56 | +£76k |
| 2023 | 0.53 | +£699 |
| 2022 | 0.56 | -£12k |
| 2021 | 0.52 | -£113k |
| 2020 | 0.54 | — |
Derived from filed accounts. Not audited figures.