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Sycamore Horizon Ltd

05437501

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

REGENT HOUSE, ELSTREE BOREHAMWOOD, WD6 4RS
Incorporated 27/04/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

87100
Residential nursing care facilities

Officers

Mr Nickeel Shah

director · Since 26/02/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Rs Finco Limited

75–100% shares
75–100% votes
Appoint directors

Regent House, Theobald Street, Borehamwood, WD6 4RS

Reg: 11813986 · Companies House · Private Limited Company

Notified 13/01/2020

Former PSCs

Sapphire Properties (2016) Ltd

Ceased 13/01/2020

Charges0 outstanding

Charge
satisfied

SOLUTUS ADVISORS LIMITED (AND ITS SUCCESSORS IN TITLE AND PERMITTED TRANSFEREES)

Created 26/06/2020Registered 02/07/2020Satisfied 19/03/2024
Charge
satisfied

MOUNT STREET MORTGAGE SERVICING LIMITED

Created 02/08/2018Registered 07/08/2018Satisfied 20/01/2020
Charge
satisfied

OAKNORTH BANK LIMITED

Created 17/05/2016Registered 25/05/2016Satisfied 15/09/2018
Charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC (THE SECURITY TRUSTEE)

Created 05/04/2014Registered 14/04/2014Satisfied 07/04/2016
charge
satisfied

ABBEY CARE INVESTMENTS LIMITED

Created 08/06/2012Registered 19/06/2012Satisfied 04/04/2016
charge
satisfied

ABBEY CARE INVESTMENTS LIMITED

Created 21/07/2008Registered 24/07/2008Satisfied 04/04/2016
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 20/07/2006Registered 21/07/2006Satisfied 27/04/2016

CompanyRankvs 2956+ SIC 87100 peers
41

Financial strength1th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees15/15 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

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations

Key FinancialsYear ending 31/03/2020

Turnover

£18.2M

Annual revenue

Net Worth

-£601k

Balance sheet strength

Cash

£417k

Cash in the bank

Profit Before Tax

£2.6M

Bottom line earnings

Net Current Assets

-£608k

Working capital

Current Assets

£2.6M

Current Liabilities

£3.2M

Fixed Assets

£7k

Debtors

£2.2M

Cost of Sales

£12.0M

Gross Profit

£6.3M

Admin Expenses

£7.7M

Operating Profit

£2.6M

Profit After Tax

£2.7M

595avg. employees

People Costs

Wages & salaries£697k
NI contributions£66k

Balance Sheet

Assets less current liabilities-£601k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20200.81

Derived from filed accounts. Not audited figures.