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Golden Globe Merchants Limited

07812048

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

UNIT 1 ORBITAL CENTRE, WOODFORD GREEN, IG8 8HH
Incorporated 17/10/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43290
Other construction installation
43310
Plastering
43999
Specialised construction activities
49410
Freight transport by road

Officers

Mr. Muhammad Afzal

secretary · Since 17/10/2011

Mr Muhammad Afzal

director · Since 17/10/2011

FINANCE PROFESSIONAL

BRITISH · ENGLAND · Age 53

Also on 4 other boards

Mr Muhammad Adil Waheed

director · Since 06/06/2013

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 2 other boards

Persons with Significant Control

Mr Muhammad Afzal

50–75% shares

British · England · Age 46

Unit 1 Orbital Centre, Southend Road, Woodford Green, IG8 8HH

Notified 06/04/2016

Mr Muhammad Adil Waheed

25–50% shares

British · United Kingdom · Age 42

Unit 1 Orbital Centre, Southend Road, Woodford Green, IG8 8HH

Notified 24/01/2024

Charges4 outstanding

Charge
outstanding

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CompanyRankvs 1390+ SIC 43290 peers
72

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.4× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2023

Net Worth

£5.9M

Balance sheet strength

Cash

£2.3M

Cash in the bank

Net Current Assets

£3.2M

Working capital

Current Assets

£11.2M

Current Liabilities

£8.0M

Fixed Assets

£3.6M

Debtors

£8.3M

21avg. employees+6

Tax at Year End

Corp tax£971k
VAT£267k

Director Loans

Company owes directors£60k
Directors owe company£214

Balance Sheet

Assets less current liabilities£6.9M
Signed by Mr Muhammad Afzal 29/01/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20231.40+£2.4M£5.3M
20221.12+£660k
20212.00+£2.3M
20201.85+£366k
20191.12+£36k
20181.03

Derived from filed accounts. Not audited figures.