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Pass Trading Limited

07444423

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

136-140 BIRCHES BARN ROAD, WOLVERHAMPTON, WV3 7BG
Incorporated 18/11/2010

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Palwinder Singh

director · Since 18/11/2010

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 2 other boards

Mr Samreetsingh Sangha

director · Since 08/09/2021

DIRECTOR

BRITISH · ENGLAND · Age 38

Persons with Significant Control

Mr Palwinder Singh

25–50% shares

British · England · Age 61

136-140, Birches Barn Road, Wolverhampton, WV3 7BG

Notified 06/04/2016

Mrs Aminder Kaur

25–50% shares

British · England · Age 59

136-140, Birches Barn Road, Wolverhampton, WV3 7BG

Notified 06/04/2016

Charges1 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 13/09/2018Registered 13/09/2018Satisfied 11/06/2025
Charge
satisfied

LLOYDS BANK PLC

Created 30/07/2018Registered 30/07/2018Satisfied 11/06/2025
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 29/01/2011Registered 17/02/2011

CompanyRankvs 244+ SIC 47110 peers
77

Financial strength97th percentile among SIC peers · 24/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 40.29× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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244Pass Trading Limited
87
How is this score calculated?
Financial strength24/25 pts

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

Employees13/15 pts

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

Liquidity20/20 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.

Risk deductions

Outstanding charges: -10 pts

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

£380k

Balance sheet strength

Cash

£113k

Cash in the bank

Net Current Assets

£307k

Working capital

Current Assets

£314k

Current Liabilities

£8k

Fixed Assets

£77k

Debtors

£100k

Profit After Tax

£20k

8avg. employees-3

Tax at Year End(2021)

Corp tax£10k
VAT£7k

Director Loans(2021)

Company owes directors£39k

Balance Sheet

Intangible assets£22k
Assets less current liabilities£384k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
202440.29+£20k—
202327.96-£16k—
202220.33-£7k—
20216.52+£31k£131k
20205.31+£36k£49k
201914.20+£21k£36k
20183.97—£69k

Derived from filed accounts. Not audited figures.