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Txn Limited

06501300

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

C/O MICHAEL ABAKHAN LIMITED COAST ROAD, MOSTYN, CH8 9DX
Incorporated 12/02/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47789
Other retail sale of new goods in specialised stores

Officers

Mrs Beth Irina Abakhan

director · Since 14/05/2024

MARKETING DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 2 other boards

Mr William Louden Abakhan

director · Since 14/05/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 1 other board

Persons with Significant Control

Michael Abakhan Limited

75–100% shares
75–100% votes
Appoint directors

Head Office, Coast Road, Mostyn, CH8 9DX

Reg: 00799559 · England And Wales · Limited Liability Company

Notified 14/05/2024

Former PSCs

Mr Stephen Matthew Hollis

Ceased 14/05/2024

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 16/08/2024Registered 20/08/2024
Charge
satisfied

DREAM PROPERTY HOLDCO LIMITED

Created 18/07/2022Registered 22/07/2022Satisfied 13/08/2024
Charge
satisfied

RUSSELL MORRIS · EMMA MORRIS

Created 03/07/2020Registered 06/07/2020Satisfied 22/07/2022
Charge
satisfied

4SYTE LIMITED

Created 23/08/2019Registered 23/08/2019Satisfied 13/07/2020

CompanyRankvs 5426+ SIC 47789 peers
41

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.69× · 6/20
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 strength0/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 29/02/2024

Net Worth

-£346k

Balance sheet strength

Cash

£160k

Cash in the bank

Net Current Assets

-£242k

Working capital

Current Assets

£530k

Current Liabilities

£772k

Fixed Assets

£54k

Debtors

£87k

39avg. employees+1

Tax at Year End(2019)

Corp tax£604

Balance Sheet

Intangible assets£3k
Assets less current liabilities-£188k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.69-£40k
20230.75-£197k
20220.72-£116k
20211.07+£322k
20200.57-£110k
20190.56—

Derived from filed accounts. Not audited figures.