Cult Furniture Ltd
07415993
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 22/10/2010
Persons with Significant Control
Faisal Iqbal
English · England · Age 52
Unit 2g, 20-22, Union Road, London, SW4 6JP
Notified 09/11/2025
Former PSCs
Mr Faizal Iqbal
Ceased 10/11/2025
Cult Furniture Group Ltd
Ceased 31/12/2018
Charges1 outstanding
METRO BANK PLC
CompanyRankvs 1938+ SIC 47910 peers62
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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.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 going co
Key FinancialsYear ending 31/12/2024
Turnover
£11.1M
Annual revenue
Net Worth
£1.0M
Balance sheet strength
Cash
£665k
Cash in the bank
Profit Before Tax
£62k
Bottom line earnings
Net Current Assets
£765k
Working capital
Current Assets
£3.0M
Current Liabilities
£2.3M
Fixed Assets
£242k
Debtors
£692k
Cost of Sales
£5.6M
Gross Profit
£5.5M
Admin Expenses
£5.4M
Operating Profit
£70k
Profit After Tax
£62k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.34 | -£28k |
| 2023 | 1.47 | -£594k |
| 2021 | 1.49 | +£598k |
| 2020 | 1.35 | +£345k |
| 2019 | 1.25 | -£92k |
| 2018 | 1.32 | — |
Derived from filed accounts. Not audited figures.