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Choice Interior Solutions Ltd

07922397

liquidation
Private Limited Company
england wales
Companies House
1 outstanding charge
Insolvency history
Health Score
N/A

Details

C/O THORNTONRONES LTD 311, LOUGHTON, IG10 1AH
Incorporated 24/01/2012

Compliance

Last accounts

31/03/2022

total exemption full

Next accounts due

31/12/2023

Overdue

Confirmation statement

Last: 26/04/2023

Due 10/05/2024

Overdue

Industry

43999
Specialised construction activities

Officers

Mr Peter John Faires

director · Since 14/08/2018

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 15 other boards

Persons with Significant Control

Choice Group Ltd

75–100% shares
75–100% votes

Unit 2, 99-101 Kingsland Road, London, E2 8AG

Reg: 11759520 · Companies House · Private Limited Company

Notified 17/01/2019

Former PSCs

Mr John Faires

Ceased 17/01/2019

Mrs Carol Ann Faires

Ceased 17/01/2019

Charges1 outstanding

A registered charge
outstanding

National Westminster Bank PLC

Created 02/07/2020Registered 08/07/2020

Insolvency History1 case

creditors voluntary liquidation05/12/2023

Richard Jeffery Rones (practitioner)

CompanyRankvs 15+ SIC 43999 peers
22

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.29× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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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.

Employees0/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2022

Net Worth

-£412k

Balance sheet strength

Cash

£600

Cash in the bank

Net Current Assets

£536k

Working capital

Current Assets

£2.4M

Current Liabilities

£1.8M

Fixed Assets

£36k

Debtors

£1.6M

Profit After Tax

£165k

6avg. employees-2

Tax at Year End

Dividends paid£97k

People Costs(2021)

Wages & salaries£479k
NI contributions£56k

Balance Sheet

Assets less current liabilities£572k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20221.29+£68k
20211.40—

Derived from filed accounts. Not audited figures.