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Faster Better Cheaper Thinking Limited

07185447

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

4 FOREST DRIVE, THEYDON BOIS, CM16 7EY
Incorporated 10/03/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32120
Manufacture of jewellery and related articles
71122
Engineering related scientific and technical consulting activities

Officers

Mr Manu Bhardwaj

director · Since 10/03/2010

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 1 other board

Mr Nishit Mahendra Kumar Parikh

director · Since 23/12/2014

DIAMOND DEALER

BELGIAN · BELGIUM · Age 61

Also on 1 other board

Mr. Jeffrey A Sacks

director · Since 22/10/2015

ACCOUNTANT

AMERICAN · UNITED STATES · Age 71

Also on 2 other boards

Mrs Phillippa Rose Bhardwaj-Sharp

director · Since 06/04/2018

ADMINISTRATOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Mr Manu Bhardwaj

Significant control

British · England · Age 42

4, Forest Drive, Theydon Bois, CM16 7EY

Notified 06/04/2016

Mr Nishit Mahendra Kumar Parikh

Significant control

Belgian · Belgium · Age 61

4, Forest Drive, Theydon Bois, CM16 7EY

Notified 06/04/2016

Former PSCs

Mr Saurin Parikh

Ceased 31/10/2019

CompanyRankvs 1221+ SIC 32120 peers
47

Financial strength0th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Liquidity2/20 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.

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

-£1.9M

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

-£378k

Working capital

Current Assets

£65k

Current Liabilities

£444k

Fixed Assets

£3k

Debtors

£43k

10avg. employees

Tax at Year End

VAT£57k

Balance Sheet

Intangible assets£301
Bank loans & overdrafts£1.5M
Assets less current liabilities-£376k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.15-£307k£1.1M
20230.18£1.1M

Derived from filed accounts. Not audited figures.