Busaba Eathai Limited
04956194
Details
Compliance
Last accounts
17/09/2023
full
Next accounts due
14/06/2025
Confirmation statement
Last: 14/03/2025
Due 28/03/2026
Industry
Officers
director · Since 10/01/2024
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 60
Also on 6 other boards
Persons with Significant Control
Mr James Anthony Poole
English · England · Age 69
5th Floor, Grove House, London, NW1 6BB
Notified 02/07/2020
Charges2 outstanding
BARCLAYS BANK PLC
TNUI ASSET FINANCE LIMITED
U.S. BANK TRUSTEES LIMITED (AS SECURITY AGENT)
U.S. BANK TRUSTEES LIMITED AS SECURITY TRUSTEE
Insolvency History2 cases
Geoffrey Wayne Bouchier (practitioner) · Philip Joseph Dakin (practitioner)
Alex David Cadwallader (practitioner) · Neil A Bennett (practitioner)
CompanyRankvs 15+ SIC 56101 peers2
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -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
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 2.2 in the financial statements , which indicates that due to the loss making position of the Company and its negative balance sheet position. As stated in note 2.2, these
Key FinancialsYear ending 17/09/2023
Turnover
£21.1M
Annual revenue
Net Worth
-£26.1M
Balance sheet strength
Cash
£2k
Cash in the bank
Profit Before Tax
-£1.8M
Bottom line earnings
Net Current Assets
-£25.1M
Working capital
Current Assets
£2.2M
Current Liabilities
£27.3M
Fixed Assets
£3.1M
Debtors
£1.7M
Cost of Sales
£12.6M
Gross Profit
£8.4M
Admin Expenses
£10.6M
Operating Profit
£56k
Profit After Tax
-£1.8M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.08 |
Derived from filed accounts. Not audited figures.