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Nella Cutlery South Limited

09041555

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

MURRAY HOUSE, ORPINGTON, BR5 3QY
Incorporated 15/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33190
Repair of other equipment
47910
Retail sale via mail order houses or via Internet

Officers

Mr Mark Paul Peter Nella

director · Since 15/05/2014

CHAIRMAN

BRITISH · ENGLAND · Age 59

Also on 9 other boards

Mr Mario Franco Nella

director · Since 12/08/2014

NORTHERN MANAGING DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 3 other boards

Mr Stefano Nella

director · Since 12/08/2014

SOUTHERN AND EUROPEAN MANAGING DIRECTOR

BRITISH · ENGLAND · Age 32

Mrs Caroline Frances Nella

director · Since 16/01/2015

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 7 other boards

Persons with Significant Control

Nella Holdings Limited

75–100% shares
75–100% votes

Murray House, Murray Road, Orpington, BR5 3QY

Reg: 10633614 · England And Wales · Private Company Limited By Shares

Notified 05/04/2017

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/04/2015Registered 22/04/2015

CompanyRankvs 607+ SIC 33190 peers
59

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.25× · 12/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

Longevity12/15 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

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease opera

Key FinancialsYear ending 31/12/2023

Turnover

£16.5M

Annual revenue

Net Worth

£3.3M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£2.4M

Bottom line earnings

Net Current Assets

£1.0M

Working capital

Current Assets

£5.2M

Current Liabilities

£4.2M

Fixed Assets

£3.0M

Debtors

£3.0M

Cost of Sales

£8.6M

Gross Profit

£7.9M

Admin Expenses

£5.5M

Profit After Tax

£1.7M

202avg. employees+26

Tax at Year End

Dividends paid-£2.3M

People Costs

Wages & salaries£6.5M
NI contributions£618k

Balance Sheet

Intangible assets£450k
Bank loans & overdrafts£840k
Assets less current liabilities£4.0M
Signed by Class 1Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20231.25+£386k
20211.62

Derived from filed accounts. Not audited figures.