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Balmo Properties Limited

08527430

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

AUCTION HOUSE, LUTON, LU2 0AH
Incorporated 13/05/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Harnaik Singh Binning

director · Since 14/05/2013

NONE

BRITISH · UNITED KINGDOM · Age 71

Also on 8 other boards

Kameljeet Kaur Binning

director · Since 14/05/2013

NONE

BRITISH · UNITED KINGDOM · Age 63

Mrs Suman Rani Binning

director · Since 14/05/2013

NONE

BRITISH · UNITED KINGDOM · Age 71

Also on 7 other boards

Persons with Significant Control

Balmo Holdings Limited

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

Auction House, Crescent Road, Luton, LU2 0AH

Reg: 11379761 · Register Of Companies For England & Wales · Private Limited Company

Notified 13/08/2018

Former PSCs

Ms Kameljeet Kaur Binning

Ceased 13/08/2018

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 22/05/2019Registered 23/05/2019
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 08/04/2019Registered 13/04/2019

CompanyRankvs 12511+ SIC 68209 peers
59

Financial strength97th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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12511Balmo Properties Limited
79
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

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

Liquidity12/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

regard to the resources available to the Company, the Directors have concluded that there is no material uncertainty on the company's ability to trade as a going concern and that they can continue to adopt the going concern basis in preparing the annual report and accounts. 2.3 Revenue Revenue is recognised to the extent that it is probable that the economic benefits

Key FinancialsYear ending 31/05/2023

Net Worth

£2.7M

Balance sheet strength

Cash

£348k

Cash in the bank

Net Current Assets

£941k

Working capital

Current Assets

£4.1M

Current Liabilities

£3.2M

Fixed Assets

£2.8M

Debtors

£3.8M

Profit After Tax

-£2k

4avg. employees

Tax at Year End

Corp tax£8k

Director Loans

Company owes directors£3.0M

Balance Sheet

Bank loans & overdrafts£60k
Assets less current liabilities£3.7M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20231.30

Derived from filed accounts. Not audited figures.