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Southpaw Limited

07045843

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

10 BEDFORD STREET, LONDON, WC2E 9HE
Incorporated 16/10/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70100
Activities of head offices

Officers

Founding Partner Gursharan Singh Mundae

director · Since 16/10/2009

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 1 other board

Mr Jonathan Mark Joseph Stewart

director · Since 16/10/2009

DIRECTOR

ENGLISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr Gusharan Singh Mundae

75–100% shares

British · United Kingdom · Age 55

43, The Grove, Isleworth, TW7 4JT

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 21/06/2021Registered 25/06/2021

CompanyRankvs 850+ SIC 70100 peers
61

Financial strength98th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.25× · 12/20
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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850Southpaw Limited
81
How is this score calculated?
Financial strength25/25 pts

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

Employees14/15 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

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 directors with respect to

Key FinancialsYear ending 31/10/2024

Net Worth

£26.7M

Balance sheet strength

Cash

£11.1M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£6.2M

Current Liabilities

£5.0M

Fixed Assets

£209k

Debtors

£5.6M

Cost of Sales

£3.7M

Admin Expenses

£37.5M

Profit After Tax

£1.7M

8avg. employees

Tax at Year End

Corp tax£93k
Dividends paid-£1.0M

People Costs

Wages & salaries£23.9M

Balance Sheet

Intangible assets£151k
Assets less current liabilities£589k
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20241.25

Derived from filed accounts. Not audited figures.