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Redspice Limited

06231448

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

416 GREEN LANE, ESSEX, IG3 9JX
Incorporated 30/04/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate
70100
Activities of head offices

Officers

Rattan Kaur Panesar

secretary · Since 09/05/2007

BRITISH · Age 73

Also on 1 other board

Mr Jasbir Singh Panesar

director · Since 09/05/2007

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 5 other boards

Persons with Significant Control

Mr Jasbir Singh Panesar

Significant control

British · England · Age 70

416 Green Lane, Essex, IG3 9JX

Notified 06/04/2016

Charges2 outstanding

Charge
satisfied

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Created 23/01/2024Registered 23/01/2024Satisfied 03/06/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/01/2024Registered 18/01/2024
Charge
outstanding

BARCLAYS BANK PLC

Created 15/10/2015Registered 29/10/2015
Charge
satisfied

BARCLAYS BANK PLC

Created 15/10/2015Registered 29/10/2015Satisfied 03/06/2024
Charge
satisfied

BARCLAYS BANK PLC

Created 15/09/2015Registered 29/09/2015Satisfied 03/06/2024

CompanyRankvs 16221+ SIC 68209 peers
67

Financial strength97th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 10.73× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees3/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/04/2025

Net Worth

£2.6M

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£1.5M

Working capital

Current Assets

£1.7M

Current Liabilities

£154k

Fixed Assets

£1.7M

0avg. employees

Balance Sheet

Assets less current liabilities£3.2M
Prepared with Sage Accounts Production 25.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
202510.73+£61k
202412.77+£32k
202311.67+£57k
202214.28+£44k
20216.56

Derived from filed accounts. Not audited figures.