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Classic News Limited

04517722

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

616D GREEN LANE, ILFORD, IG3 9SE
Incorporated 22/08/2002

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/12/2025

Due 24/12/2026

On track

Industry

68320
Management of real estate on a fee or contract basis

Officers

Mr Harshad Patel

secretary · Since 27/08/2002

NEWSAGENT

BRITISH · ENGLAND · Age 75

Also on 1 other board

Mrs Ansuyaben Patel

director · Since 27/08/2002

PROPERTY OWNER/MANAGER

BRITISH · ENGLAND · Age 73

Mr Harshad Patel

director · Since 27/08/2002

PROPERTY OWNER/MANAGER

BRITISH · ENGLAND · Age 75

Also on 1 other board

Persons with Significant Control

Mr Harshad Patel

25–50% shares
25–50% votes

British · England · Age 75

616d, Green Lane, Ilford, IG3 9SE

Notified 06/04/2016

Mrs Ansuyaben Patel

25–50% shares
25–50% votes

British · England · Age 73

616d, Green Lane, Ilford, IG3 9SE

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 14/05/2026Registered 14/05/2026
charge
outstanding

MORTGAGE EXPRESS

Created 16/01/2004Registered 17/01/2004
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 03/12/2002Registered 11/12/2002Satisfied 05/06/2023

CompanyRankvs 55352+ SIC 68320 peers
29

Financial strength14th percentile among SIC peers · 4/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.36× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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9G.E.Cook & Sons Limited
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10Compton Property Management Limited
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55352Classic News Limited
39
How is this score calculated?
Financial strength4/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£7k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£77k

Working capital

Current Assets

£43k

Current Liabilities

£119k

Fixed Assets

£268k

0avg. employees

Balance Sheet

Assets less current liabilities£192k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.36+£2k
20230.26-£20k
20210.13-£47k
20200.75+£12k
20190.58+£7k
20180.42—

Derived from filed accounts. Not audited figures.