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Ace Union Limited

09530233

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

1 PORTLAND STREET, MANCHESTER, M1 3BE
Incorporated 08/04/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mr Aftab Ashraf

director · Since 08/04/2015

CHAIRMAN

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Mr Tariq Mehmood

director · Since 08/04/2015

DIRECTOR

IRISH · IRELAND · Age 48

Miss Unniza Ali

secretary · Since 16/03/2026

Persons with Significant Control

Ace Money Transfer Limited

75–100% shares

One, Portland Street, Manchester, M1 3BE

Reg: 04502952 · United Kingdom Companies Registery · Private Limited Company

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

HABIBSONS BANK LIMITED

Created 25/05/2017Registered 09/06/2017Satisfied 04/12/2018
Charge
satisfied

HABIBSONS BANK LIMITED

Created 25/05/2017Registered 09/06/2017Satisfied 04/12/2018

CompanyRankvs 1763+ SIC 64999 peers
70

Financial strength94th percentile among SIC peers · 24/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 2.25× · 20/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees10/15 pts

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

Liquidity20/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£1.0M

Balance sheet strength

Cash

£431k

Cash in the bank

Profit Before Tax

-£283k

Bottom line earnings

Net Current Assets

£312k

Working capital

Current Assets

£561k

Current Liabilities

£249k

Fixed Assets

£155

Debtors

£130k

Admin Expenses

£235k

Profit After Tax

-£283k

2avg. employees

Balance Sheet

Assets less current liabilities£312k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.25+£0
20234.59+£104k
2022465.29-£68k
2021Infinity-£12k
2020-£6k
2019Infinity

Derived from filed accounts. Not audited figures.