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Canefield Ltd

04448780

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

Details

C/O SMART INSOLVENCY SOLUTIONS LTD, WORCESTER, WR1 3AA
Incorporated 28/05/2002

Compliance

Last accounts

31/12/2022

full

Next accounts due

31/12/2024

Overdue

Confirmation statement

Last: 28/05/2024

Due 11/06/2025

Overdue

Industry

56102
Unlicensed restaurants and cafes

Officers

Mr Athelston Sealey

director · Since 05/06/2002

DIRECTOR

BRITISH · ENGLAND · Age 69

Also on 8 other boards

Persons with Significant Control

Mr Athelston Sealey

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

British · England · Age 69

First Floor, Saggar House, Worcester, WR1 2PG

Notified 29/06/2017

Insolvency History1 case

members voluntary liquidation24/10/2024

Colin Nicholls (practitioner)

CompanyRankvs 15+ SIC 56102 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.53× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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

Insolvency history: -10 pts

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease opera

Key FinancialsYear ending 31/12/2022

Turnover

£23.7M

Annual revenue

Net Worth

£5.3M

Balance sheet strength

Cash

£4.5M

Cash in the bank

Profit Before Tax

£706k

Bottom line earnings

Net Current Assets

£3.7M

Working capital

Current Assets

£6.2M

Current Liabilities

£2.4M

Fixed Assets

£1.9M

Debtors

£1.6M

Cost of Sales

£8.3M

Gross Profit

£15.4M

Admin Expenses

£14.7M

Operating Profit

£700k

Profit After Tax

£554k

424avg. employees-59

Tax at Year End

Corp tax£476k
Dividends paid£180k

People Costs

Wages & salaries£5.9M
NI contributions£304k

Balance Sheet

Intangible assets£212k
Bank loans & overdrafts£192k
Assets less current liabilities£5.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20222.53+£374k
20211.92+£2.3M
20200.95+£912k
20190.44+£372k
20180.57—

Derived from filed accounts. Not audited figures.