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Yachting Partners International Limited

05622020

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
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)
  • 2 outstanding charges (-4)

Details

C/O QUANTUMA ADVISORY LIMITED 7TH FLOOR, LONDON, EC4A 3AG
Incorporated 14/11/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Abdullah Nahar

director · Since 24/07/2019

NONE

AMERICAN · MONACO · Age 42

Also on 1 other board

Persons with Significant Control

Mr Abdullah Nahar

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

American · Monaco · Age 42

52-56 Standard Road, Standard Road, London, NW10 6EU

Notified 07/07/2022

Former PSCs

Brs Yachting S.A.S.

Ceased 25/07/2019

Mr Murtaza Ali Lakhani

Ceased 07/07/2022

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 17/12/2010Registered 22/12/2010
charge
outstanding

BARCLAYS BANK PLC

Created 06/12/2005Registered 13/12/2005

CompanyRankvs 94736+ SIC 82990 peers
25

Financial strength1th percentile among SIC peers · 0/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.08× · 2/20
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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94736Yachting Partners International Limited
45
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.

Employees13/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

of the Company. Given the uncertainty around managing the Company's working capital, there exists a material uncertainty that casts significant doubt upon the Company's ability to continue as a going concern. However, if continuing support from the external creditors as mentioned above can be secured, the director believes that the Company will have adequate resources to continue in operatio

Key FinancialsYear ending 31/12/2023

Net Worth

-£2.6M

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

-£2.6M

Working capital

Current Assets

£235k

Current Liabilities

£2.8M

Fixed Assets

£6k

Debtors

£199k

4avg. employees-3

Balance Sheet

Assets less current liabilities-£2.6M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20230.08-£446k
20220.20-£415k
20210.24—

Derived from filed accounts. Not audited figures.