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Paul Rhodes Bakery Ltd

04645254

active
Private Limited Company
england wales
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

LASSELL STREET, LONDON, SE10 9PJ
Incorporated 23/01/2003

Compliance

Last accounts

31/03/2025

group

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 23/01/2026

Due 06/02/2027

On track

Industry

10710
Manufacture of bread; manufacture of fresh pastry goods and cakes

Officers

Mr Paul Michael Rhodes

director · Since 23/01/2003

CHEF

BRITISH · ENGLAND · Age 56

Also on 1 other board

Persons with Significant Control

Mr Paul Michael Rhodes

75–100% shares

British · England · Age 56

Lassell Street, London, SE10 9PJ

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 09/10/2025Registered 24/10/2025
Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 29/07/2025Registered 31/07/2025
Charge
satisfied

INVESTEC CAPITAL SOLUTIONS NO.1 LIMITED

Created 10/07/2019Registered 26/07/2019Satisfied 31/10/2025
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/10/2014Registered 10/10/2014
charge
outstanding

THE SECURITY OF STATE FOR DEFENCE

Created 17/06/2008Registered 24/06/2008
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/12/2005Registered 07/12/2005
charge
outstanding

EUROPLUS TRADING LIMITED

Created 03/03/2005Registered 10/03/2005

CompanyRankvs 1826+ SIC 10710 peers
25

Financial strength2th percentile among SIC peers · 1/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.74× · 6/20
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 strength1/25 pts

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

Employees8/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 director with respect to g

Key FinancialsYear ending 31/03/2025

Net Worth

-£210k

Balance sheet strength

Cash

£226k

Cash in the bank

Net Current Assets

-£880k

Working capital

Current Assets

£2.5M

Current Liabilities

£3.4M

Fixed Assets

£1.3M

Debtors

£1.7M

Cost of Sales

£3.7M

Admin Expenses

£10.5M

Profit After Tax

-£282k

2avg. employees-169

Tax at Year End

Dividends paid-£170k

People Costs

Wages & salaries£6.4M

Balance Sheet

Bank loans & overdrafts£296k
Assets less current liabilities£432k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.74-£789k
20240.77-£110k
20230.97-£195k
20221.10-£301k
20211.47-£714k
20201.48-£452k
20191.85

Derived from filed accounts. Not audited figures.