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Credence Properties Ltd

07934843

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

94 STREET LANE, LEEDS, LS8 2AL
Incorporated 03/02/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Mian Asif Zubair

director · Since 03/02/2012

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 5 other boards

Persons with Significant Control

Mr Mian Asif Zubair

75–100% shares
75–100% votes

British · England · Age 52

94, Street Lane, Leeds, LS8 2AL

Notified 08/04/2016

Former PSCs

Mr Mian Asif Zubair

Ceased 17/04/2024

Charges3 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 19/12/2025Registered 07/01/2026
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 11/07/2025Registered 23/07/2025
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 06/09/2024Registered 11/09/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 23/11/2012Registered 08/12/2012Satisfied 08/09/2025
charge
satisfied

LLOYDS TSB BANK PLC

Created 27/07/2012Registered 08/08/2012Satisfied 13/11/2025

CompanyRankvs 35228+ SIC 68100 peers
52

Financial strength73th percentile among SIC peers · 18/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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35228Credence Properties Ltd
58
How is this score calculated?
Financial strength18/25 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.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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 31/05/2024

Net Worth

£23k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£28k

Current Liabilities

£29k

Fixed Assets

£50k

1avg. employees

Tax at Year End(2020)

Corp tax£7

Director Loans(2020)

Company owes directors£4k

Balance Sheet

Assets less current liabilities£49k
Signed by Mr Mian Zubair 31/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.96+£6k
2023-0.42+£3k
20220.27+£1k
20210.29+£2k
20200.61+£989
20190.35-£1k
20180.12—

Derived from filed accounts. Not audited figures.