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Orchard Funding Limited

06656377

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

222 ARMSTRONG ROAD, LUTON, LU2 0FY
Incorporated 25/07/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64921
64921

Officers

Mr Ravi Takhar

director · Since 25/07/2008

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 8 other boards

Miss Emmia Louise Stratford

director · Since 01/04/2015

HEAD OF OPERATIONS/FINANCIAL SERVICES

BRITISH · ENGLAND · Age 44

Also on 9 other boards

Mr Liam Leo Mcshane

secretary · Since 01/06/2015

Ms Tatiana Korenkova

director · Since 21/07/2015

HEAD OF FINANCE

BRITISH · ENGLAND · Age 54

Also on 10 other boards

Persons with Significant Control

Orchard Funding Group Plc

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

222, Armstrong Road, Luton, LU2 0FY

Reg: 09618919 · Registrar Of Cpompanies England And Wales · Public Limited Company

Notified 06/04/2016

Charges6 outstanding

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BRACKEN HOLDINGS LIMITED

Created 04/12/2013Registered 12/12/2013Satisfied 28/11/2015
Charge
satisfied

ORCHARD FUNDING LIMITED

Created 07/05/2013Registered 17/05/2013Satisfied 28/11/2013
charge
satisfied

BRACKEN HOLDINGS LIMITED

Created 17/03/2010Registered 23/03/2010Satisfied 28/11/2015

CompanyRankvs 372+ SIC 64921 peers
33

Financial strength32th percentile among SIC peers · 8/25
Employees97th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength8/25 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.

Liquidity0/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

of the directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is

Key FinancialsYear ending 31/07/2022

Turnover

£1.9M

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£2.6M

Cash in the bank

Profit Before Tax

£573k

Bottom line earnings

Net Current Assets

Working capital

Current Assets

Current Liabilities

£15.3M

Fixed Assets

£10k

Debtors

£13.5M

Cost of Sales

£190k

Gross Profit

£1.7M

Admin Expenses

£1.1M

Operating Profit

£574k

Profit After Tax

£511k

11avg. employees

Tax at Year End

Corp tax£60k
Dividends paid£300k

People Costs

Wages & salaries£279k
NI contributions£28k

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£1.5M
Prepared with CCH Software