Back to search

Favour Catering & Events Ltd

07324505

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

11 MANOR WAY, BOREHAMWOOD, WD6 1QH
Incorporated 23/07/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56210
Event catering activities

Officers

Mr Nigel Olusegun Ogunniyi

director · Since 23/07/2010

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mrs Victoria Ibidun Ogunniyi

director · Since 01/07/2019

BUSINESSWOMAN

BRITISH · ENGLAND · Age 55

Also on 5 other boards

Persons with Significant Control

Mr Nigel Olusegun Ogunniyi

75–100% shares
75–100% votes

British · England · Age 57

11, Manor Way, Borehamwood, WD6 1QH

Notified 23/07/2016

Mrs Victoria Ibidun Ogunniyi

significant-influence-or-control-as-firm

British · England · Age 55

11, Manor Way, Borehamwood, WD6 1QH

Notified 28/07/2020

CompanyRankvs 8280+ SIC 56210 peers
45

Financial strength4th percentile among SIC peers · 1/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.25× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Coronet Holidays Ltd
90
2Fence Gate Limited
90
3Plyvine Catering Limited
90
4Banana Split Limited
90
5Super Restaurants Limited
90
6Royal Society Of Medicine Commercial Services Limited
90
7Cranfield Conference Centre Limited
90
8Nivek Catering Supplies Limited
90
9Early Excellence Limited
90
10Cooling Castle Barn Limited
90
8280Favour Catering & Events Ltd
45
How is this score calculated?
Financial strength1/25 pts

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

Employees12/15 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 31/10/2024

Net Worth

-£71k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

-£67k

Working capital

Current Assets

£22k

Current Liabilities

£89k

Fixed Assets

£9k

3avg. employees+1

Tax at Year End

VAT£12k

Balance Sheet

Bank loans & overdrafts£14k
Assets less current liabilities-£57k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.25-£124k£245k
20230.52+£8k—
20220.79-£37k—
20210.39+£14k—
20200.13+£67k—
20190.75-£2k—
20180.84——

Derived from filed accounts. Not audited figures.