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Ultimate Stores Limited

08361772

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

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

Details

THE GATEHOUSE, ILFORD, IG2 6EW
Incorporated 15/01/2013

Compliance

Last accounts

31/10/2024

unaudited abridged

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 25/05/2025

Due 08/06/2026

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Gurinder Singh Madhan

director · Since 15/01/2013

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Mr Gurinder Singh Madhan

75–100% shares

British · England · Age 50

The Gatehouse, 453 Cranbrook Road, Ilford, IG2 6EW

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

INTERBAY FUNDING, LTD.

Created 21/08/2025Registered 22/08/2025
Charge
outstanding

INTERBAY FUNDING, LTD.

Created 21/08/2025Registered 22/08/2025
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 09/05/2016Registered 12/05/2016
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/04/2016Registered 22/04/2016
Charge
outstanding

LLOYDS BANK PLC

Created 16/03/2016Registered 22/03/2016
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 10/03/2016Registered 18/03/2016

CompanyRankvs 4161+ SIC 47190 peers
61

Financial strength92th percentile among SIC peers · 23/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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4161Ultimate Stores Limited
67
How is this score calculated?
Financial strength23/25 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.

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.

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 31/10/2024

Net Worth

£143k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

-£232k

Working capital

Current Assets

£583k

Current Liabilities

£816k

Fixed Assets

£645k

Debtors

£17k

10avg. employees

Balance Sheet

Bank loans & overdrafts£81k
Assets less current liabilities£413k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.72+£5k
20230.76+£23k
20220.77+£27k
20210.79+£16k
20200.76+£27k
20190.71-£6k
20180.73—

Derived from filed accounts. Not audited figures.