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Tower 23 Ltd

07353012

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

THE OLD DOCTOR'S HOUSE, DUDLEY, DY1 2AW
Incorporated 23/08/2010

Compliance

Last accounts

31/08/2024

unaudited abridged

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 23/08/2025

Due 06/09/2026

On track

Industry

47290
Other retail sale of food in specialised stores

Officers

Mr. Kulvinder Singh Kandola

director · Since 23/08/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 3 other boards

Mrs. Narinder Kandola

director · Since 23/08/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 3 other boards

Persons with Significant Control

Mr. Kulvinder Singh Kandola

Significant control

British · England · Age 59

The Old Doctors House, 74 Grange Road, Dudley, DY1 2AW

Notified 06/04/2016

Tower 23 Capital Ltd

75–100% shares
75–100% votes
Appoint directors

The Old Doctor's House, 74 Grange Road, Dudley, DY1 2AW

Reg: 07353178 · England And Wales · Limited Company

Notified 06/04/2016

CompanyRankvs 3301+ SIC 47290 peers
52

Financial strength2th percentile among SIC peers · 1/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.7× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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3301Tower 23 Ltd
48
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.

Employees15/15 pts

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

Liquidity6/20 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 31/08/2025

Net Worth

-£251k

Balance sheet strength

Cash

£460k

Cash in the bank

Net Current Assets

-£246k

Working capital

Current Assets

£564k

Current Liabilities

£810k

Fixed Assets

£5k

Debtors

£54k

189avg. employees+42

Balance Sheet

Assets less current liabilities-£241k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.70-£160k
20240.78+£42k
20230.77-£235k
20221.04-£73k
20211.13+£10k
20201.15+£152k
20190.98—
20181.01—

Derived from filed accounts. Not audited figures.