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Room Twelve Ltd

09045822

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

1 MARINE STUDIOS, BURTON LANE END, LINCOLN, LN1 2UA
Incorporated 19/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77330
Renting and leasing of office machinery and equipment

Officers

Alternative Commercial Finance

director · Since 19/05/2014

Mr Richard David Coles

director · Since 19/05/2014

ACCOUNTANT

BRITISH · ENGLAND · Age 79

Also on 4 other boards

Miss Sophie Jane Coles

director · Since 22/08/2018

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 1 other board

Persons with Significant Control

Alternative Commercial Finance Ltd

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

1 Marine Studios, Burton Lane End, Lincoln, LN1 2UA

Notified 06/04/2016

Former PSCs

Mr Richard Coles

Ceased 12/11/2021

Mr Richard Coles

Ceased 12/11/2021

Charges2 outstanding

Charge
outstanding

PARAGON TECHNOLOGY FINANCE LIMITED

Created 10/09/2021Registered 21/09/2021
Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK) (COMPANY NUMBER SC001111)

Created 27/08/2020Registered 28/08/2020

CompanyRankvs 188+ SIC 77330 peers
54

Financial strength68th percentile among SIC peers · 17/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 1.08× · 12/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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188Room Twelve Ltd
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How is this score calculated?
Financial strength17/25 pts

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

Employees8/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2019

Net Worth

£80k

Balance sheet strength

Cash

£71k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£1.0M

Current Liabilities

£969k

Debtors

£978k

2avg. employees+1
Prepared with Digita Accounts Production Advanced 6.24.8820.0

EstimatesDerived

YearCurrent RatioImplied Profit
20191.08+£64k
20181.01—

Derived from filed accounts. Not audited figures.