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Pearl Chemist Limited

07976515

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 24 outstanding charges (-10)

Details

6TH FLOOR 2, LONDON, EC2Y 5AU
Incorporated 05/03/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47730
Dispensing chemist in specialised stores

Officers

Mr Mayank Harendra Patel

director · Since 16/03/2012

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 13 other boards

Mr Vijaykumar Harendra Patel

director · Since 16/03/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Pearl Chemist Group Limited

75–100% shares

6th Floor, 2 London Wall Place, London, EC2Y 5AU

Reg: 10144726 · England & Wales · Limited Company

Notified 06/04/2016

Charges24 outstanding

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outstanding

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CompanyRankvs 17410+ SIC 47730 peers
52

Financial strength91th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.6× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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1741Pearl Chemist Limited
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/10/2023

Turnover

£47.9M

Annual revenue

Net Worth

£979k

Balance sheet strength

Cash

£43k

Cash in the bank

Profit Before Tax

-£290k

Bottom line earnings

Net Current Assets

-£6.2M

Working capital

Current Assets

£9.4M

Current Liabilities

£15.6M

Fixed Assets

£22.8M

Debtors

£24k

Cost of Sales

£36.0M

Gross Profit

£11.9M

Admin Expenses

£11.6M

Operating Profit

£365k

Profit After Tax

-£730k

32avg. employees+19

Tax at Year End

Corp tax£537k
Dividends paid-£100k

People Costs

Wages & salaries£852k
NI contributions£75k

Balance Sheet

Intangible assets£10.3M
Bank loans & overdrafts£1.8M
Assets less current liabilities£16.6M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20230.60+£479k
20200.54—

Derived from filed accounts. Not audited figures.