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Riaar Plastics Limited

06428381

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

BLACK LAKE WORKS, WEST BROMWICH, B70 0PD
Incorporated 15/11/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22290
Manufacture of other plastic products

Officers

Tejinder Kaur

secretary · Since 15/11/2007

BRITISH

Mr Inderdeep Singh Riaar

director · Since 15/11/2007

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 5 other boards

Persons with Significant Control

Mr Jasdeep Singh Riaar

25–50% shares

British · England · Age 31

Black Lake Works, Black Lake, West Bromwich, B70 0PD

Notified 06/04/2016

Mr Inderdeep Singh Riaar

25–50% shares

British · England · Age 67

Black Lake Works, Black Lake, West Bromwich, B70 0PD

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/09/2022Registered 27/09/2022
Charge
satisfied

LLOYDS BANK PLC

Created 14/07/2016Registered 15/07/2016Satisfied 27/07/2022
Charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LTD

Created 01/10/2013Registered 08/10/2013Satisfied 27/07/2022
charge
satisfied

ABSOLUTE INVOICE FINANCE, A DIVISION OF ALDERMORE BANK PLC

Created 13/05/2010Registered 21/05/2010Satisfied 05/10/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/03/2008Registered 18/03/2008Satisfied 11/07/2012

CompanyRankvs 217+ SIC 22290 peers
75

Financial strength89th percentile among SIC peers · 22/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 5.08× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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217Riaar Plastics Limited
85
How is this score calculated?
Financial strength22/25 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.

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 31/12/2024

Net Worth

£1.8M

Balance sheet strength

Cash

£570k

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£2.0M

Current Liabilities

£388k

Fixed Assets

£275k

Debtors

£1.2M

25avg. employees-7

Tax at Year End(2021)

Dividends paid£8k

Balance Sheet

Assets less current liabilities£1.9M

EstimatesDerived

YearCurrent RatioImplied Profit
20245.08+£67k
20233.84+£94k
20222.90+£474k
20211.91+£823k
20201.31+£121k
2019—+£263
20181.20—

Derived from filed accounts. Not audited figures.