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Venue 5 Limited

05425075

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

EUROPA HOUSE, NORTHOLT, UB5 6AG
Incorporated 15/04/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56302
Public houses and bars

Officers

Mr Jitendrakumar Maganbhai Patel

director · Since 18/05/2005

DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 33 other boards

Mr Chandresh Patel

director · Since 27/02/2006

DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 10 other boards

Persons with Significant Control

Mr Chandresh Patel

Significant control
significant-influence-or-control-as-trust
significant-influence-or-control-as-firm

British · England · Age 67

Europa House, 45 Rowdell Road, Northolt, UB5 6AG

Notified 01/04/2017

Charges0 outstanding

charge
satisfied

CLYDESDALE BANK PLC

Created 04/01/2007Registered 23/01/2007Satisfied 20/03/2024
charge
satisfied

CLYDESDALE BANK PLC

Created 22/12/2006Registered 29/12/2006Satisfied 20/03/2024
charge
satisfied

UNIQUE PUB PROPERTIES LIMITED

Created 06/04/2006Registered 13/04/2006Satisfied 02/05/2024

CompanyRankvs 234460+ SIC 56101 peers
36

Financial strength0th percentile among SIC peers · 0/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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23446Venue 5 Limited
46
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The directors have assessed the company's ability to continue as a going concern which has included a review of forecast cash flows, future trading performance and the continued support

Key FinancialsYear ending 30/06/2023

Net Worth

-£2.2M

Balance sheet strength

Cash

£292

Cash in the bank

Net Current Assets

-£2.8M

Working capital

Current Assets

£158k

Current Liabilities

£3.0M

Fixed Assets

£599k

Debtors

£98k

34avg. employees+1

Director Loans(2021)

Company owes directors£275k

Balance Sheet

Intangible assets£44k
Assets less current liabilities-£2.2M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20230.05-£4k
20220.05-£43k
20210.04-£71k
20200.05-£297k
20190.06-£253k
20180.06—

Derived from filed accounts. Not audited figures.