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Nk2n Properties Limited

07525332

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

OFFICE 1, WALSALL, WS4 2LA
Incorporated 10/02/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Narendra Patel

director · Since 10/02/2011

PHARMACIST

BRITISH · ENGLAND · Age 68

Also on 15 other boards

Persons with Significant Control

Mr Narendra Patel

Significant control

British · England · Age 68

Office 1, 21 Hatherton Street, Walsall, WS4 2LA

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/02/2020Registered 04/03/2020
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/02/2020Registered 04/03/2020
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/02/2020Registered 04/03/2020
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/02/2020Registered 04/03/2020
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 06/02/2020Registered 17/02/2020
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/05/2016Registered 04/06/2016Satisfied 25/02/2020
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/05/2016Registered 27/05/2016Satisfied 25/02/2020

CompanyRankvs 167433+ SIC 68209 peers
21

Financial strength1th percentile among SIC peers · 0/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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167433Nk2n Properties Limited
41
How is this score calculated?
Financial strength0/25 pts

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

Employees9/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 2.2. Going Concern Disclosure The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going c

Key FinancialsYear ending 31/03/2025

Net Worth

-£456k

Balance sheet strength

Cash

£40k

Cash in the bank

Net Current Assets

-£613k

Working capital

Current Assets

£53k

Current Liabilities

£666k

Fixed Assets

£292k

Debtors

£13k

1avg. employees

Tax at Year End

Corp tax£2k

Director Loans

Company owes directors£662k

Balance Sheet

Assets less current liabilities-£321k
Signed by Mr N Patel 08/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08+£8k
20240.07+£3k
20230.12-£576k
20220.05+£11k
20210.07+£10k
20200.01+£26k
20190.02—

Derived from filed accounts. Not audited figures.