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Panache Handicraft Ltd

09348956

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

78 QUEENS ROAD, WATFORD, WD17 2LA
Incorporated 10/12/2014

Compliance

Last accounts

31/05/2025

micro entity

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 31/01/2026

Due 14/02/2027

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mrs Hardi Niravkumar Modi

director · Since 03/02/2024

DIRECTOR

INDIAN · ENGLAND · Age 42

Also on 5 other boards

Persons with Significant Control

Mrs Hardi Niravkumar Modi

75–100% shares

Indian · England · Age 42

78, Queens Road, Watford, WD17 2LA

Notified 03/02/2024

Former PSCs

Mrs Shivani Parekh

Ceased 03/02/2024

CompanyRankvs 18867+ SIC 47190 peers
30

Financial strength3th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.37× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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18867Panache Handicraft Ltd
29
How is this score calculated?
Financial strength1/25 pts

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

Employees0/15 pts

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

Liquidity2/20 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 31/05/2025

Net Worth

-£88k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£50k

Working capital

Current Assets

£29k

Current Liabilities

£79k

Balance Sheet

Assets less current liabilities-£50k
Signed by Mrs Hardi Modi 25/05/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.37+£0
20240.37+£0
20230.37—

Derived from filed accounts. Not audited figures.