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Direct Trade Bag Company Limited

06728813

active
Private Limited Company
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • 4 outstanding charges (-8)

Details

6 DOMINUS WAY, LEICESTER, LE19 1RP
Incorporated 21/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

18129
Printing (other than printing of newspapers and printing of labels)
46410
Wholesale of textiles

Officers

Mr Ian William Ault

director · Since 19/12/2008

LOGISTICS DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 2 other boards

Mr Mark Somerfield

director · Since 19/12/2008

SALES

BRITISH · ENGLAND · Age 56

Also on 5 other boards

Mr Gregory Neil Towne

director · Since 19/12/2008

CONSULTANT

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Persons with Significant Control

Mr Ian William Ault

25–50% shares
25–50% votes

English · England · Age 56

6, Dominus Way, Leicester, LE19 1RP

Notified 22/07/2016

Mr Mark Somerfield

25–50% shares
25–50% votes

British · England · Age 56

6, Dominus Way, Leicester, LE19 1RP

Notified 22/07/2016

Mrs Anna Somerfield

25–50% shares
25–50% votes

English · United Kingdom · Age 50

Pine Croft, Church Lane, Nottingham, NG12 5PW

Notified 28/06/2022

Mrs Joanne Tatia Ault

25–50% shares
25–50% votes

British · United Kingdom · Age 56

Bracken Lodge, Low Street, Elston, NG23 5PA

Notified 13/07/2022

Charges4 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 20/02/2020Registered 24/02/2020
Charge
outstanding

BARCLAYS BANK PLC

Created 10/10/2014Registered 17/10/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 30/07/2014Registered 04/08/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 30/04/2014Registered 01/05/2014
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 19/01/2012Registered 25/01/2012Satisfied 18/03/2015

CompanyRankvs 1858+ SIC 18129 peers
56

Financial strength96th percentile among SIC peers · 24/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 1.37× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1858Direct Trade Bag Company Limited
66
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.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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 31/12/2018

Net Worth

£1.2M

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

£872k

Working capital

Current Assets

£3.2M

Current Liabilities

£2.3M

Fixed Assets

£2.5M

Debtors

£2.3M

Tax at Year End

Corp tax£134k

Balance Sheet

Assets less current liabilities£3.3M
Prepared with BTCSoftware AP Solution 2019 6.1.08

EstimatesDerived

YearCurrent Ratio
20181.37

Derived from filed accounts. Not audited figures.