Quality Part X Limited
08540387
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/05/2013
AUDITOR
BRITISH · ENGLAND · Age 45
Also on 3 other boards
Persons with Significant Control
Mr Mahdi Farahani
British · England · Age 45
Quality Part X, Wedgewood Way, Stevenage, SG1 4QT
Notified 06/04/2016
Mr Bassel Osama Affoury
British · England · Age 45
Quality Part X, Wedgewood Way, Stevenage, SG1 4QT
Notified 06/04/2016
Charges4 outstanding
BARCLAYS SECURITY TRUSTEE LIMITED
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SANTANDER CONSUMER (UK) PLC
SANTANDER CONSUMER (UK) PLC
CompanyRankvs 1742+ SIC 45112 peers59
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going concern are de
Key FinancialsYear ending 31/03/2025
Net Worth
£500k
Balance sheet strength
Cash
£492k
Cash in the bank
Profit Before Tax
£698k
Bottom line earnings
Net Current Assets
£3.4M
Working capital
Current Assets
£12.0M
Current Liabilities
£8.6M
Fixed Assets
£3.0M
Debtors
£1.3M
Cost of Sales
£70.2M
Admin Expenses
£3.4M
Profit After Tax
£476k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.40 | -£5.5M |
| 2024 | 1.32 | +£57k |
| 2022 | 1.29 | +£1.2M |
| 2021 | 1.34 | — |
Derived from filed accounts. Not audited figures.