K Cut Limited
04452846
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 17/07/2020
Persons with Significant Control
Mr Gul Riaz Baloch
British · England · Age 60
K Cut Ltd, Whitegate, Morecambe, LA3 3BT
Notified 17/07/2020
Former PSCs
Mr John Fothergill
Ceased 17/07/2020
Mrs Janet Audrey Forthergill
Ceased 17/07/2020
Charges0 outstanding
ABSOLUTE INVOICE FINANCE LTD
CompanyRankvs 7858+ SIC 71129 peers65
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/08/2025
Net Worth
£16k
Balance sheet strength
Cash
£5k
Cash in the bank
Net Current Assets
-£31k
Working capital
Current Assets
£44k
Current Liabilities
£74k
Fixed Assets
£46k
Debtors
£18k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.59 | -£24k |
| 2024 | 0.91 | -£14k |
| 2023 | 1.18 | +£12k |
| 2022 | 1.01 | -£38k |
| 2021 | 1.85 | +£74k |
| 2020 | 1.68 | -£29k |
| 2018 | 0.96 | — |
Derived from filed accounts. Not audited figures.