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Rising Sun Shine Limited

09436064

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

54 SOUTH PARK ROAD, ILFORD, IG1 1SS
Incorporated 12/02/2015

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 18/05/2025

Due 01/06/2026

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Ponniah Bakeerathan

director · Since 12/02/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Mr Ganeshalingam Murugathas

director · Since 12/02/2015

MANAGER

BRITISH · ENGLAND · Age 50

Also on 8 other boards

Persons with Significant Control

Mr Ponniah Bakeerathan

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 54

54, South Park Road, Ilford, IG1 1SS

Notified 01/05/2016

Mr Ganeshalingam Murugathas

25–50% shares
25–50% votes
Appoint directors

British · England · Age 50

54, South Park Road, Ilford, IG1 1SS

Notified 01/05/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 20/11/2015Registered 09/12/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 08/09/2015Registered 18/09/2015

CompanyRankvs 16463+ SIC 47110 peers
16

Financial strength12th percentile among SIC peers · 3/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength3/25 pts

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

Employees5/15 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.

Longevity11/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 31/05/2025

Net Worth

-£8k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£644k

Working capital

Current Assets

£24k

Current Liabilities

£667k

Fixed Assets

£714k

Debtors

£20k

2avg. employees

Tax at Year End

Corp tax£18k
VAT£13k

Director Loans

Company owes directors£344k

Balance Sheet

Intangible assets£519k
Assets less current liabilities£70k
Signed by Mr Ganeshalingam Murugathas 11/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.04+£0£258k
20250.04-£32k£258k
20240.03-£65k
20230.02-£46k
20220.16+£1k
20210.25

Derived from filed accounts. Not audited figures.