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Coren Foods Limited

07490247

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

RAE HOUSE, BISHOP'S STORTFORD, CM23 3BT
Incorporated 12/01/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46320
Wholesale of meat and meat products
46380
Wholesale of other food, including fish, crustaceans and molluscs

Officers

Angel Rodriguez Vidal

director · Since 04/03/2011

DIRECTOR

SPANISH · SPAIN · Age 51

Mrs Maria Teresa Gomez-Franqueira Otero

director · Since 01/11/2023

DIRECTOR

SPANISH · ENGLAND · Age 43

Also on 1 other board

Mr Alfonso Manuel Lafuente Lechuga

director · Since 01/11/2023

DIRECTOR

SPANISH · SPAIN · Age 63

Persons with Significant Control

Coren Agroindustrial, S.A.U.

75–100% shares

Centro De Procesado Avicola, Santa Cruz De Arrabaldo, S/N, 32990 Ourense

Reg: A32242588 · Spain · Public Limited Company

Notified 30/12/2022

Former PSCs

Industrias Frigorificas Del Louro S.A.

Ceased 30/12/2022

CompanyRankvs 614+ SIC 46320 peers
57

Financial strength74th percentile among SIC peers · 19/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 1.14× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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614Coren Foods Limited
67
How is this score calculated?
Financial strength19/25 pts

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

Employees6/15 pts

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

Liquidity12/20 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

However given the non-binding nature of the commitment they have concluded there remains a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. Notwithstanding the uncertainty and taking into account the indication of future support, the directors have a reasonable expectation that the company will be able to continue as a goin

Key FinancialsYear ending 31/12/2024

Net Worth

£150k

Balance sheet strength

Cash

£91k

Cash in the bank

Net Current Assets

£149k

Working capital

Current Assets

£1.2M

Current Liabilities

£1.1M

Fixed Assets

£226

Debtors

£1.1M

2avg. employees-2

Balance Sheet

Assets less current liabilities£150k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.14-£5k
20231.20+£59k
20211.09—

Derived from filed accounts. Not audited figures.