First Natural Limited
05842333
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 19/07/2006
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 75
Also on 1 other board
director · Since 22/09/2010
BANKER
BRITISH · UNITED KINGDOM · Age 50
Also on 7 other boards
Persons with Significant Control
Former PSCs
Mr Robin Christopher Russell
Ceased 01/10/2020
Charges1 outstanding
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CompanyRankvs 226+ SIC 20420 peers44
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion on the group and parent company financial statements. Material uncertainty related to going concern We draw attention to Note 1. 4 in the financial statements, which indicates that the group incurred a pre-tax loss of £ 1.2 million for the year. As stated in Note 1. 4 , these events or
Key FinancialsYear ending 30/04/2024
Net Worth
-£94k
Balance sheet strength
Cash
£231k
Cash in the bank
Net Current Assets
£556k
Working capital
Current Assets
£722k
Current Liabilities
£166k
Fixed Assets
£1.5M
Debtors
£669k
Cost of Sales
£5.4M
Admin Expenses
£3.1M
Profit After Tax
-£979k
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.34 | -£1.1M |
| 2023 | 0.82 | +£981k |
| 2021 | 12.07 | +£6k |
| 2020 | 1.03 | — |
Derived from filed accounts. Not audited figures.