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Bar 2064 Limited

04281845

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

RECOVERY HOUSE, HAINAULT BUSINESS PARK, ILFORD, IG6 3TU
Incorporated 05/09/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Kenneth James Taylor

director · Since 20/01/2009

DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 35 other boards

CompanyRankvs 15+ SIC 82990 peers
26

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.85× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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.

Liquidity6/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to Note 1.2 in the financial statements, which indicates that the company had net liabilities of £0.72m and cash and cash equivalents of £2.56m as at 31 March 2023. As stated in N

Key FinancialsYear ending 31/03/2023

Net Worth

-£723k

Balance sheet strength

Cash

£2.6M

Cash in the bank

Profit Before Tax

-£590k

Bottom line earnings

Net Current Assets

-£682k

Working capital

Current Assets

£3.9M

Current Liabilities

£4.6M

Debtors

£1.4M

Cost of Sales

£113.0M

Admin Expenses

£3.6M

Profit After Tax

-£590k

1423avg. employees+1211

Tax at Year End(2021)

Corp tax£7k

People Costs

Wages & salaries£112.4M

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£41k
Assets less current liabilities-£682k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.85-£721k
20210.98—
20200.94—

Derived from filed accounts. Not audited figures.