Shalam Packaging Ltd
07721469
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/01/2017
DIRECTOR
ISRAELI · UNITED KINGDOM · Age 57
Also on 1 other board
Persons with Significant Control
Mr Emanuel Shalam
Israeli · Israel · Age 54
146, New London Road, Chelmsford, CM2 0AW
Notified 02/06/2023
Former PSCs
Shalam Packaging 1998 Ltd
Ceased 02/06/2023
Charges1 outstanding
SHALEM PACKAGING (1998) LIMITED
CompanyRankvs 21880+ SIC 22290 peers31
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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
or - the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Emphasis of matter We draw your attention to Notes 3 (Going Concern)
Key FinancialsYear ending 31/12/2019
Turnover
£11.9M
Annual revenue
Net Worth
-£4.7M
Balance sheet strength
Cash
£228k
Cash in the bank
Profit Before Tax
-£916k
Bottom line earnings
Net Current Assets
-£1.2M
Working capital
Current Assets
£5.7M
Current Liabilities
£6.9M
Fixed Assets
£758k
Debtors
£3.3M
Cost of Sales
£10.4M
Gross Profit
£1.5M
Admin Expenses
£2.2M
Operating Profit
-£677k
Profit After Tax
-£916k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2019 | 0.83 | -£763k |
| 2018 | 2.42 | — |
Derived from filed accounts. Not audited figures.