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Group 38 Limited

09447625

active
Private Limited Company
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • 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

Accounts

Up to date

Confirmation statement

Up to date

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

Mr Olusina Salami

50–75% shares
50–75% votes

British · England · Age 49

11, Huntsman Road, Ilford, IG6 3TJ

Notified 01/07/2016

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

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 19426+ SIC 47990 peers
27

Financial strength8th percentile among SIC peers · 2/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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19426Group 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.

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

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-£3k
20220.45-£13k
20211.56—
20201.26—
20192.10—

Derived from filed accounts. Not audited figures.