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Advance Coatings Ltd

08345409

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 03/01/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20301
Manufacture of paints, varnishes and similar coatings, mastics and sealants
32990
Other manufacturing
68209
Other letting and operating of own or leased real estate

Officers

Mr Ishwar Thapa Nagar

director · Since 01/03/2021

DIRECTOR

NEPALESE · UNITED KINGDOM · Age 41

Persons with Significant Control

Mr Ishwar Thapa Nagar

75–100% shares

Nepalese · United Kingdom · Age 41

22 Wenlock Road, Wenlock Road, London, N1 7GU

Notified 01/03/2021

Former PSCs

Mr Wakas Ahmed

Ceased 01/03/2021

Charges0 outstanding

Charge
satisfied

MONTELLO PRIVATE FINANCE GENERAL PARTNERS LIMITED

Created 24/04/2015Registered 29/04/2015
Charge
satisfied

MONTELLO PRIVATE FINANCE GENERAL PARTNERS LIMITED

Created 24/04/2015Registered 29/04/2015

CompanyRankvs 317+ SIC 20301 peers
35

Financial strength3th percentile among SIC peers · 1/25
Employees38th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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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.

Employees6/15 pts

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

Liquidity0/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 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 31/01/2025

Net Worth

-£59k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£132k

Working capital

Current Assets

Current Liabilities

£137k

Fixed Assets

£74k

1avg. employees

Balance Sheet

Intangible assets£64k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
2025-£87k
20240.04
20230.04
20220.05-£43k
20210.69-£4k
20200.92+£13k
20190.33+£32k
20181.33

Derived from filed accounts. Not audited figures.