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Narada Europe (Uk) Ltd

06354408

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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

GLADSTONE PLACE, ST. ALBANS, AL1 3UU
Incorporated 28/08/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Tax And Figures Ltd

secretary · Since 13/03/2020

Also on 5 other boards

Mr Chenghao Liu

director · Since 30/08/2022

DIRECTOR

CHINESE · CHINA · Age 52

Persons with Significant Control

Mr Chenghao Liu

Significant control

Chinese · China · Age 52

Gladstone Place, 36-38 Upper Marlborough Road, St. Albans, AL1 3UU

Notified 30/08/2022

Former PSCs

Mr Chen Bo

Ceased 22/03/2019

Mr Wu Xianzhang

Ceased 30/08/2022

CompanyRankvs 1482+ SIC 46520 peers
52

Financial strength75th percentile among SIC peers · 19/25
Employees44th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.7× · 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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1482Narada Europe (Uk) Ltd
58
How is this score calculated?
Financial strength19/25 pts

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

Employees7/15 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

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 director with respect to going con

Key FinancialsYear ending 31/12/2023

Turnover

£2.2M

Annual revenue

Net Worth

£55k

Balance sheet strength

Cash

£549k

Cash in the bank

Profit Before Tax

-£69k

Bottom line earnings

Net Current Assets

-£1.1M

Working capital

Current Assets

£2.5M

Current Liabilities

£3.6M

Debtors

£1.5M

Cost of Sales

£1.9M

Gross Profit

£292k

Admin Expenses

£365k

Operating Profit

-£72k

Profit After Tax

-£69k

1avg. employees

People Costs

Wages & salaries£27k
NI contributions£2k

Balance Sheet

Assets less current liabilities-£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.70+£0
20220.56+£0
20210.74—

Derived from filed accounts. Not audited figures.