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Aartee Bright Bar Limited

03725308

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

Details

SUITE 3, AVERY HOUSE, BRIGHTON, BN41 1DH
Incorporated 03/03/1999

Compliance

Last accounts

31/12/2021

full

Next accounts due

30/09/2023

Overdue

Confirmation statement

Last: 02/03/2022

Due 16/03/2023

Overdue

Industry

24100
Manufacture of basic iron and steel and of ferro-alloys
24310
Cold drawing of bars

Officers

Mr Ravi Trehan

director · Since 26/09/2018

DIRECTOR

INDIAN · ENGLAND · Age 67

Also on 1 other board

Mr. Bartosz Krzysztof Peczkowski

director · Since 31/08/2022

DIRECTOR

POLISH · UNITED ARAB EMIRATES · Age 48

Also on 4 other boards

Persons with Significant Control

Acenta Steel Group Limited

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

Acenta Steel, Planetary Road, Willenhall, WV13 3SW

Reg: 07434765 · England And Wales · Limited Company

Notified 05/07/2018

Former PSCs

Mr Tarlok Singh

Ceased 05/07/2018

Aar Tee Industries Holdings Pte. Ltd.

Ceased 02/04/2019

Charges1 outstanding

Charge
satisfied

FGI WORLDWIDE LLC

Created 30/04/2021Registered 12/05/2021Satisfied 15/11/2023
Charge
satisfied

RBS INVOICE FINANCE LIMITED (AS SECURITY AGENT)

Created 20/06/2019Registered 25/06/2019Satisfied 03/07/2021
Charge
satisfied

HSBC INVOICE FINANCE (UK) LIMITED

Created 19/12/2016Registered 19/12/2016Satisfied 28/05/2019
charge
satisfied

GE COMMERCIAL FINANCE LIMITED (SECURITY TRUSTEE)

Created 07/03/2013Registered 12/03/2013Satisfied 21/12/2016
charge
satisfied

ENDLESS LLP

Created 06/01/2011Registered 13/01/2011Satisfied 09/03/2013
charge
satisfied

ENDLESS LLP (THE "SECURITY TRUSTEE")

Created 06/01/2011Registered 13/01/2011Satisfied 09/03/2013
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 06/01/2011Registered 11/01/2011Satisfied 21/12/2016
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 06/01/2011Registered 11/01/2011Satisfied 21/12/2016
charge
satisfied

GE LEVERAGED LOANS LIMITED AS AGENT FOR ITSELF AND EACH OF THE BENEFICIARIES

Created 31/03/2010Registered 20/04/2010Satisfied 08/02/2011
charge
satisfied

GE LEVERAGED LOANS LIMITED, AS UK AGENT FOR THE UK LENDERS (THE AGENT)

Created 07/09/2006Registered 21/09/2006Satisfied 08/02/2011
charge
satisfied

GE LEVERAGED LOANS LIMITED

Created 07/09/2006Registered 18/09/2006Satisfied 08/02/2011
charge
outstanding

GODFREY NELSON KNOWLES, CHRISTOPHER HUGH HALL, TIMOTHY JOBLING AND RICHARD MICHAEL MOYSE

Created 22/03/2005Registered 05/04/2005
charge
satisfied

RSA ISLAND VILLAGE LIMITED

Created 20/02/2004Registered 25/02/2004Satisfied 24/04/2008
charge
satisfied

NIAGARA CORPORATION AS TRUSTEE FOR THE BENEFICIARIES

Created 30/12/2003Registered 08/01/2004Satisfied 21/09/2006
charge
satisfied

CLERICAL MEDICAL MANAGED FUNDS LIMITED

Created 06/08/2001Registered 08/08/2001Satisfied 23/12/2003
charge
satisfied

LOMBARD NATWEST DISCOUNTING LIMITED

Created 23/08/1999Registered 26/08/1999Satisfied 21/09/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/05/1999Registered 27/05/1999Satisfied 21/09/2006

Insolvency History2 cases

in administration

Michael John Magnay (practitioner) · Richard Dixon Fleming (practitioner) · Gemma Quinn (practitioner)

creditors voluntary liquidation05/08/2023

Michael John Magnay (practitioner) · Richard Dixon Fleming (practitioner) · Gemma Quinn (practitioner)

CompanyRankvs 15+ SIC 24100 peers
20

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.06× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding 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

Going concern doubt: -10 pts

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.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2021

Turnover

£44.3M

Annual revenue

Net Worth

£19.8M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

£396k

Bottom line earnings

Net Current Assets

£18.9M

Working capital

Current Assets

£36.6M

Current Liabilities

£17.8M

Fixed Assets

£1.8M

Debtors

£23.9M

Cost of Sales

£26.4M

Gross Profit

£17.9M

Admin Expenses

£17.2M

Operating Profit

£1.1M

Profit After Tax

£346k

305avg. employees

People Costs

Wages & salaries£7.6M
NI contributions£659k

Balance Sheet

Assets less current liabilities£20.7M
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent Ratio
20212.06

Derived from filed accounts. Not audited figures.