Panache Handicraft Ltd
09348956
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
director · Since 03/02/2024
DIRECTOR
INDIAN · ENGLAND · Age 42
Also on 5 other boards
Persons with Significant Control
Mrs Hardi Niravkumar Modi
Indian · England · Age 42
78, Queens Road, Watford, WD17 2LA
Notified 03/02/2024
Former PSCs
Mrs Shivani Parekh
Ceased 03/02/2024
CompanyRankvs 19138+ SIC 47190 peers30
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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 31/05/2024
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
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.37 | +£0 |
| 2023 | 0.37 | -£39k |
| 2022 | 0.92 | -£15k |
| 2021 | 1.16 | -£44k |
| 2020 | 1.34 | +£4k |
| 2019 | 1.11 | +£245 |
| 2018 | 1.10 | — |
Derived from filed accounts. Not audited figures.