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Burns Chemist Limited

05139906

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

416 GREEN LANE, ILFORD, IG3 9JX
Incorporated 27/05/2004

Compliance

Last accounts

31/08/2024

unaudited abridged

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 24/05/2025

Due 07/06/2026

On track

Industry

47730
Dispensing chemist in specialised stores

Officers

Mr Bharat Parmar

secretary · Since 05/09/2007

DIRECTOR

BRITISH · Age 60

Also on 1 other board

Mr Bharat Kumar Parmar

director · Since 05/09/2007

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 1 other board

Mrs Geeta Parmar

director · Since 05/09/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Persons with Significant Control

Mr Bharat Parmar

25–50% shares

British · England · Age 60

416, Green Lane, Ilford, IG3 9JX

Notified 01/07/2016

Mrs Geeta Parmar

25–50% shares

British · England · Age 58

416, Green Lane, Ilford, IG3 9JX

Notified 01/07/2016

CompanyRankvs 311+ SIC 47730 peers
84

Financial strength94th percentile among SIC peers · 24/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 4.32× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 pts

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

Employees10/15 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.

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

Key FinancialsYear ending 31/08/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

£997k

Working capital

Current Assets

£1.3M

Current Liabilities

£300k

Fixed Assets

£359k

Debtors

£90k

Profit After Tax

£132k

7avg. employees

Tax at Year End

Dividends paid£60k

Balance Sheet

Intangible assets£5k
Assets less current liabilities£1.4M
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20244.32+£46k
20235.01+£72k
20223.70+£68k
20213.82+£64k
20203.40+£115k
20193.42+£27k
20183.56

Derived from filed accounts. Not audited figures.