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Milano Rugs Ltd

08296543

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

43 EAST STREET, BARKING, IG11 8EJ
Incorporated 16/11/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47510
Retail sale of textiles in specialised stores
47530
Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Officers

Mr Ahmad Farid Faqiri

director · Since 16/11/2012

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Persons with Significant Control

Mr Ahmad Farid Faqiri

75–100% shares

British · England · Age 51

43, East Street, Barking, IG11 8EJ

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 03/01/2023Registered 11/01/2023
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 15/12/2022Registered 20/12/2022

CompanyRankvs 498+ SIC 47510 peers
60

Financial strength98th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.45× · 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 strength25/25 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.

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 31/12/2024

Net Worth

£1.2M

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£840k

Working capital

Current Assets

£669k

Current Liabilities

£1.5M

Fixed Assets

£2.9M

9avg. employees

Balance Sheet

Assets less current liabilities£2.1M
Signed by 18 September 2025

EstimatesDerived

YearCurrent RatioImplied Profit
20240.45+£174k
20231.26

Derived from filed accounts. Not audited figures.