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Bains Local Limited

08179455

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

6TH FLOOR AMP HOUSE, CROYDON, CR0 2LX
Incorporated 14/08/2012

Compliance

Last accounts

31/08/2024

unaudited abridged

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 24/04/2025

Due 08/05/2026

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47620
Retail sale of newspapers and stationery in specialised stores

Officers

Harvinder Singh Bains

director · Since 14/08/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Persons with Significant Control

Harvinder Singh Bains

25–50% shares

British · United Kingdom · Age 58

6th Floor, Amp House, Croydon, CR0 2LX

Notified 01/05/2017

Sunthaljeet Kaur Bains

25–50% shares

British · United Kingdom · Age 58

6th Floor, Amp House, Croydon, CR0 2LX

Notified 01/05/2017

Mrs Amar Kaur Bains

25–50% shares

Indian · United Kingdom · Age 83

6th Floor, Amp House, Croydon, CR0 2LX

Notified 01/05/2017

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 28/10/2016Registered 07/11/2016

CompanyRankvs 9910+ SIC 47110 peers
47

Financial strength33th percentile among SIC peers · 8/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.75× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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9910Bains Local Limited
52
How is this score calculated?
Financial strength8/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/08/2024

Net Worth

£618

Balance sheet strength

Cash

£45k

Cash in the bank

Net Current Assets

-£50k

Working capital

Current Assets

£148k

Current Liabilities

£198k

Fixed Assets

£69k

Debtors

£2k

14avg. employees-19

Tax at Year End(2018)

Corp tax£23k
Dividends paid£64k

Balance Sheet

Assets less current liabilities£19k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20240.75—
20230.83+£5k
20220.82—
20210.97—
20201.94—
20191.30—
20182.16—

Derived from filed accounts. Not audited figures.