Favour Catering & Events Ltd
07324505
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/10/2024
total exemption full
Next accounts due
31/07/2026
Confirmation statement
Last: 23/07/2025
Due 06/08/2026
Industry
Officers
director · Since 23/07/2010
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 2 other boards
director · Since 01/07/2019
BUSINESSWOMAN
BRITISH · ENGLAND · Age 55
Also on 5 other boards
Persons with Significant Control
Mr Nigel Olusegun Ogunniyi
British · England · Age 57
11, Manor Way, Borehamwood, WD6 1QH
Notified 23/07/2016
Mrs Victoria Ibidun Ogunniyi
British · England · Age 55
11, Manor Way, Borehamwood, WD6 1QH
Notified 28/07/2020
CompanyRankvs 8743+ SIC 56210 peers43
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/10/2025
Net Worth
-£53k
Balance sheet strength
Cash
£23k
Cash in the bank
Net Current Assets
-£58k
Working capital
Current Assets
£41k
Current Liabilities
£98k
Fixed Assets
£8k
Debtors
£4k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.41 | +£18k | £538k |
| 2024 | 0.25 | -£124k | £245k |
| 2023 | 0.52 | — | — |
Derived from filed accounts. Not audited figures.