Ideal Merchants Limited
08773904
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Usman Zahoor
British · United Kingdom · Age 38
Office Lg06,, 1 Quality Court, London, WC2A 1HR
Notified 31/07/2018
Former PSCs
Mr Arsalan Shakeel
Ceased 31/07/2018
CompanyRankvs 3124+ SIC 46520 peers39
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 28/11/2024
Net Worth
-£30k
Balance sheet strength
Cash
£580
Cash in the bank
Net Current Assets
-£41k
Working capital
Current Assets
£43k
Current Liabilities
£84k
Fixed Assets
£11k
Debtors
£42k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.51 | -£12k |
| 2023 | 0.67 | +£2k |
| 2022 | 1.59 | +£2k |
| 2021 | 1.95 | — |
Derived from filed accounts. Not audited figures.