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Petrel Furniture Limited

08721132

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

45 UPPER HIGH STREET, WORTHING, BN11 1DR
Incorporated 07/10/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Matthew David Pare

director · Since 07/10/2013

CABINET MAKER

BRITISH · ENGLAND · Age 51

Persons with Significant Control

Mr Matthew David Pare

50–75% shares
50–75% votes
Appoint directors

British · England · Age 51

45, Upper High Street, Worthing, BN11 1DR

Notified 06/04/2016

Former PSCs

Mr Paul Ackland

Ceased 07/09/2023

CompanyRankvs 2130+ SIC 31090 peers
55

Financial strength8th percentile among SIC peers · 2/25
Employees30th percentile among SIC peers · 5/15
LiquidityCurrent ratio 3.11× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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2130Petrel Furniture Limited
54
How is this score calculated?
Financial strength2/25 pts

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

Employees5/15 pts

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

Liquidity20/20 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 31/12/2024

Net Worth

-£29k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£10k

Working capital

Current Assets

£14k

Current Liabilities

£5k

Fixed Assets

£3k

1avg. employees-1

Balance Sheet

Assets less current liabilities£13k
Signed by Company Registration No. 08721132Prepared with Comdal Limited - EasyDigitalFiling.com

EstimatesDerived

YearCurrent RatioImplied Profit
20243.11-£51k
20236.43—

Derived from filed accounts. Not audited figures.