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Reef London Limited

08701979

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 5C COVENT GARDEN, LONDON, LONDON, WC2E 8RA
Incorporated 23/09/2013

Compliance

Last accounts

31/12/2023

small

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 20/09/2025

Due 04/10/2026

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Alexis Jonama Mulet

director · Since 04/02/2025

BUSINESS EXECUTIVE

SPANISH · UNITED STATES · Age 45

Persons with Significant Control

Reef Global Limited

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

46a, Carnaby Street, London, W1F 9PS

Reg: 08573035 · Companies House · Limited Company

Notified 06/04/2016

CompanyRankvs 1603+ SIC 47190 peers
73

Financial strength96th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.64× · 16/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Liquidity16/20 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

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

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis in the preparation of the financial statements is appropriate. Our responsibili

Key FinancialsYear ending 31/12/2022

Turnover

£3.1M

Annual revenue

Net Worth

£368k

Balance sheet strength

Cash

£315k

Cash in the bank

Profit Before Tax

-£1.2M

Bottom line earnings

Net Current Assets

£1.5M

Working capital

Current Assets

£3.8M

Current Liabilities

£2.3M

Fixed Assets

£233k

Debtors

£3.5M

Cost of Sales

£2.7M

Gross Profit

£473k

Admin Expenses

£1.7M

Operating Profit

-£1.2M

Profit After Tax

-£1.2M

25avg. employees+13

Balance Sheet

Intangible assets£5k
Assets less current liabilities£1.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20221.64
20180.32
20170.26

Derived from filed accounts. Not audited figures.