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Asco Foods Limited

04095454

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNITS 7 & 8, AMERSHAM, HP6 6JY
Incorporated 24/10/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46310
Wholesale of fruit and vegetables
46342
46342
46390
Non-specialised wholesale of food, beverages and tobacco

Officers

Mr Ravneet Singh Chadha

director · Since 23/11/2000

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 2 other boards

Sundeep Singh Chadha

secretary · Since 12/01/2005

BRITISH

Mr Arshdeep Singh Chadha

director · Since 12/01/2005

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Mr Sundeep Singh Chadha

director · Since 12/01/2005

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 1 other board

Persons with Significant Control

Mr Sundeep Singh Chadha

Significant control

British · England · Age 52

Units 7, & 8, Amersham, HP6 6JY

Notified 06/04/2016

Mr Arshdeep Singh Chadha

Significant control

British · England · Age 46

Units 7, & 8, Amersham, HP6 6JY

Notified 06/04/2016

Mr Ravneet Singh Chadha

Significant control

British · England · Age 56

Units 7, & 8, Amersham, HP6 6JY

Notified 06/04/2016

Credit Suisse Group Ag

significant-influence-or-control-as-trust

8, Paradeplatz, Zurich

Reg: Che-105.884.494 · Commercial Register Of The Canton Of Zurich · Company Limited By Shares

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 31/08/2012Registered 04/09/2012
charge
outstanding

HSBC BANK PLC

Created 30/08/2012Registered 31/08/2012
charge
satisfied

SYNDICATE BANK

Created 20/01/2005Registered 28/01/2005Satisfied 31/05/2014
charge
satisfied

SYNDICATE BANK

Created 20/01/2005Registered 28/01/2005Satisfied 31/05/2014
charge
satisfied

SYNDICATE BANK

Created 10/06/2002Registered 20/06/2002Satisfied 15/09/2012
charge
satisfied

BARCLAYS BANK PLC

Created 05/10/2001Registered 09/10/2001Satisfied 15/09/2012
charge
satisfied

BARCLAYS BANK PLC

Created 16/08/2001Registered 23/08/2001Satisfied 31/05/2014

CompanyRankvs 128+ SIC 46310 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.77× · 16/20
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.

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

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

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 co

Key FinancialsYear ending 31/10/2024

Turnover

£41.0M

Annual revenue

Net Worth

£9.2M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

£2.9M

Bottom line earnings

Net Current Assets

£7.8M

Working capital

Current Assets

£18.0M

Current Liabilities

£10.2M

Fixed Assets

£1.9M

Debtors

£4.7M

Cost of Sales

£30.5M

Gross Profit

£10.5M

Admin Expenses

£6.2M

Operating Profit

£3.2M

Profit After Tax

£2.1M

35avg. employees+7

Tax at Year End

Corp tax£323k
Dividends paid-£387k

People Costs

Wages & salaries£2.1M
NI contributions£194k

Balance Sheet

Bank loans & overdrafts£4.5M
Assets less current liabilities£9.8M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20241.77+£686k
20231.74+£4.9M
20221.36+£602k
20211.47+£1.2M
20201.37+£369k
20191.14+£98k
20181.14

Derived from filed accounts. Not audited figures.