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Korean Spice Limited

08236346

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

SOVEREIGN HOUSE, HARROW, HA3 5RF
Incorporated 02/10/2012

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 01/07/2025

Due 15/07/2026

On track

Industry

56101
Licensed restaurants

Officers

Mrs Myung Soon Kim

director · Since 02/10/2012

DIRECTOR

BRITISH · ENGLAND · Age 74

Persons with Significant Control

Mrs Myung Soon Kim

75–100% shares
75–100% votes
Appoint directors

British · England · Age 74

Sovereign House, Graham Road, Harrow, HA3 5RF

Notified 01/07/2016

CompanyRankvs 14189+ SIC 56101 peers
49

Financial strength15th percentile among SIC peers · 4/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength4/25 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.

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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

-£45k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£94k

Working capital

Current Assets

£47k

Current Liabilities

£148k

Fixed Assets

£102k

26avg. employees

Tax at Year End(2023)

Corp tax£18k

Balance Sheet

Assets less current liabilities£8k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20240.32-£23k
20230.46-£29k
20220.71+£39k
20210.60-£36k
20201.99-£40k
20192.93+£49k
20180.70

Derived from filed accounts. Not audited figures.