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Galaxy Connect Limited

06059467

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

AMBA HOUSE,4TH FLOOR KINGS SUITE, HARROW, HA1 1BA
Incorporated 22/01/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46520
Wholesale of electronic and telecommunications equipment and parts
46900
Non-specialised wholesale trade
47990
Other retail sale not in stores, stalls or markets

Officers

Mr Ketan Gokani

director · Since 28/02/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 5 other boards

Persons with Significant Control

Mr Ketan Gokani

Significant control

British · United Kingdom · Age 51

Amba House,4th Floor, Kings Suite, Harrow, HA1 1BA

Notified 28/02/2017

Former PSCs

Mr Sanjay Damodardas Khiroya

Ceased 28/02/2017

Charges0 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 04/06/2015Registered 09/06/2015Satisfied 14/10/2024

CompanyRankvs 29+ SIC 46520 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.54× · 20/20
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 strength25/25 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.

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.

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2020

Turnover

£14.3M

Annual revenue

Net Worth

£5.7M

Balance sheet strength

Cash

£370k

Cash in the bank

Profit Before Tax

£1.8M

Bottom line earnings

Net Current Assets

£4.0M

Working capital

Current Assets

£6.6M

Current Liabilities

£2.6M

Fixed Assets

£1.9M

Debtors

£1.6M

Cost of Sales

£10.2M

Gross Profit

£4.2M

Admin Expenses

£1.8M

Operating Profit

£1.8M

Profit After Tax

£1.5M

241avg. employees+22

Tax at Year End

Corp tax£244k

People Costs

Wages & salaries£5.7M
NI contributions£489k

Balance Sheet

Assets less current liabilities£5.9M
Prepared with Sage Accounts Production 2020 Update 1 - FRS102_2019

EstimatesDerived

YearCurrent RatioImplied Profit
20202.54+£1.5M
20192.03—

Derived from filed accounts. Not audited figures.