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Faith Furniture Company Limited

09331622

active
Private Limited Company
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)
  • Current liabilities exceed current assets (-10)

Details

STRAIGHT MILE HOUSE, HEREFORD, HR2 6JF
Incorporated 27/11/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47599
Retail sale of furniture, lighting equipment and other household articles

Officers

Mr Ben Doouss

director · Since 17/01/2024

CHAIRMAN

BRITISH · UNITED KINGDOM · Age 58

Also on 6 other boards

Mr Glenn Doouss

director · Since 17/01/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 32

Also on 4 other boards

Mr Mark Doouss

director · Since 17/01/2024

DIRECTOR AND CEO

BRITISH · UNITED KINGDOM · Age 35

Also on 4 other boards

Persons with Significant Control

Woodco Group Holdings Ltd

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

Straight Mile House, Beacon Road, Hereford, HR2 6JF

Reg: 14625012 · Companies House · Private Limited Company

Notified 17/01/2024

Former PSCs

Mr Nicholas Peter Hopkinson

Ceased 23/07/2022

Mr Paul Jenkinson

Ceased 17/01/2024

Mr Toby Edward Finley Hopkinson

Ceased 17/01/2024

Mr Maxwell James Hopkinson

Ceased 17/01/2024

Mr Oliver William Hopkinson

Ceased 17/01/2024

Mrs Lesley Angela Hopkinson

Ceased 17/01/2024

Charges0 outstanding

Charge
satisfied

SECURE TRUST BANK PLC

Created 26/01/2015Registered 28/01/2015Satisfied 15/04/2024

CompanyRankvs 2550+ SIC 47599 peers
64

Financial strength63th percentile among SIC peers · 16/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.89× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength16/25 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.

Liquidity6/20 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.

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

£11k

Balance sheet strength

Cash

£208k

Cash in the bank

Net Current Assets

-£240k

Working capital

Current Assets

£1.9M

Current Liabilities

£2.2M

Fixed Assets

£470k

Debtors

£912k

43avg. employees-5

Balance Sheet

Bank loans & overdrafts£421k
Assets less current liabilities£230k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.89-£857k
20231.33

Derived from filed accounts. Not audited figures.