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Net Lettings Ltd

08050057

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

311 COMMERCIAL ROAD, LONDON, E1 2PS
Incorporated 30/04/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68310
Real estate agencies

Officers

Mr Jagdeep Singh Sandhu

director · Since 30/04/2012

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 5 other boards

Persons with Significant Control

Mr Jagdeep Singh Sandhu

75–100% shares

British · England · Age 45

311, Commercial Road, London, E1 2PS

Notified 06/04/2016

CompanyRankvs 14328+ SIC 68310 peers
40

Financial strength2th percentile among SIC peers · 1/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.8× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength1/25 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

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

Going Concern Doubt

critical accounting estimates. It also requires management to exercise judgement in applying the Company 's accounting policies . The following principal accounting policies have been applied: 2.2 Going concern The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has reasonable expectation that t

Key FinancialsYear ending 31/03/2024

Net Worth

-£129k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

-£118k

Working capital

Current Assets

£462k

Current Liabilities

£580k

Fixed Assets

£81k

Debtors

£431k

6avg. employees+1

Tax at Year End

Corp tax£5k

People Costs(2022)

Wages & salaries£140k
NI contributions£10k

Balance Sheet

Bank loans & overdrafts£6k
Assets less current liabilities-£37k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.80+£33k
20230.61-£35k
20220.78-£447k
20211.50+£218k
20201.06+£15k
20191.13—

Derived from filed accounts. Not audited figures.