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Group 38 Limited

09447625

active
Private Limited Company
england wales
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

11 HUNTSMAN ROAD, ILFORD, IG6 3TJ
Incorporated 19/02/2015

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 10/11/2025

Due 24/11/2026

On track

Industry

47990
Other retail sale not in stores, stalls or markets
68209
Other letting and operating of own or leased real estate

Officers

Mr Olusina Salami

director · Since 19/02/2015

SELLING ONLINE

BRITISH · UNITED KINGDOM · Age 49

Persons with Significant Control

Mrs Oluwafunmilayo Salami

25–50% shares
ownership-of-shares-25-to-50-percent-as-firm

British · England · Age 49

11, Huntsman Road, Ilford, IG6 3TJ

Notified 01/07/2016

Mr Olusina Salami

50–75% shares
50–75% votes

British · England · Age 49

11, Huntsman Road, Ilford, IG6 3TJ

Notified 01/07/2016

Former PSCs

Mrs Olufunmilayo Salami

Ceased 01/11/2025

Mr Olusina Salami

Ceased 05/10/2019

Charges3 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 23/08/2022Registered 29/08/2022
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 23/08/2022Registered 23/08/2022
Charge
outstanding

ALDERMORE BANK PLC

Created 22/10/2021Registered 26/10/2021

CompanyRankvs 19271+ SIC 47990 peers
28

Financial strength8th percentile among SIC peers · 2/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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19271Group 38 Limited
37
How is this score calculated?
Financial strength2/25 pts

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

Employees7/15 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.

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 28/02/2025

Net Worth

-£20k

Balance sheet strength

Cash

£100

Cash in the bank

Net Current Assets

-£56k

Working capital

Current Assets

£14k

Current Liabilities

£70k

Fixed Assets

£48k

Debtors

£13k

Profit After Tax

£2k

1avg. employees

Tax at Year End

Corp tax£5k

Balance Sheet

Assets less current liabilities-£9k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.19+£2k
20240.23-£1k
20230.27—

Derived from filed accounts. Not audited figures.