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Initial Group Of Companies Limited

08061201

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

THE PADDOCK LEASINGTHORNE ROAD, SPENNYMOOR, DL16 7JW
Incorporated 08/05/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70100
Activities of head offices

Officers

Mr Wayne Andrew Baister

director · Since 08/05/2012

CLOTHING RETAILER

BRITISH · ENGLAND · Age 55

Also on 12 other boards

Persons with Significant Control

Mr Wayne Andrew Baister

75–100% shares
75–100% votes

British · England · Age 55

The Paddock, Leasingthorne Road, Spennymoor, DL16 7JW

Notified 08/05/2016

Charges1 outstanding

Charge
outstanding

SENECA BRIDGING LTD

Created 12/03/2025Registered 13/03/2025
Charge
satisfied

REWARD CAPITAL LIMITED

Created 18/03/2019Registered 20/03/2019Satisfied 22/10/2019
Charge
satisfied

ALDERMORE BANK PLC

Created 01/11/2016Registered 03/11/2016Satisfied 11/05/2023
Charge
satisfied

ALDERMORE BANK PLC

Created 01/08/2016Registered 03/08/2016Satisfied 22/10/2019
Charge
satisfied

ALDERMORE BANK PLC

Created 01/08/2016Registered 03/08/2016Satisfied 12/05/2023
Charge
satisfied

ALDERMORE BANK PLC

Created 01/08/2016Registered 03/08/2016Satisfied 22/10/2019
Charge
satisfied

ALDERMORE BANK PLC

Created 01/08/2016Registered 03/08/2016Satisfied 22/10/2019
Charge
satisfied

ALDERMORE BANK PLC

Created 01/08/2016Registered 03/08/2016Satisfied 22/10/2019
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/04/2014Registered 23/04/2014Satisfied 06/09/2023
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/03/2014Registered 26/03/2014Satisfied 06/09/2023

CompanyRankvs 14692+ SIC 70100 peers
24

Financial strength4th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.34× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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 28/02/2025

Net Worth

-£121k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£110k

Working capital

Current Assets

£57k

Current Liabilities

£167k

Fixed Assets

£20k

Debtors

£54k

0avg. employees-1

Balance Sheet

Bank loans & overdrafts£37k
Assets less current liabilities-£90k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.34-£37k
20240.76+£33k
20230.69+£4k
20220.86+£10k
20210.60

Derived from filed accounts. Not audited figures.