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Morenike Investments Ltd

09589229

active
Private Limited Company
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

3 RUSSELL CLOSE, WITHAM, CM8 1UH
Incorporated 13/05/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Oluwaseun Olushanu

director · Since 13/05/2015

INVESTOR

BRITISH · ENGLAND · Age 38

Also on 1 other board

Persons with Significant Control

Mr Oluwaseun Olushanu

75–100% shares

British · England · Age 38

68, Auriel Avenue, Dagenham, RM10 8BT

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 21/09/2017Registered 25/09/2017
Charge
outstanding

ALDERMORE BANK PLC

Created 21/09/2017Registered 25/09/2017
Charge
satisfied

REGENTSMEAD LIMITED

Created 08/02/2017Registered 09/02/2017Satisfied 14/11/2017
Charge
satisfied

REGENTSMEAD LIMITED

Created 08/02/2017Registered 09/02/2017Satisfied 05/01/2018

CompanyRankvs 138924+ SIC 68100 peers
15

Financial strength11th percentile among SIC peers · 3/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.94× · 6/20
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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138924Morenike Investments Ltd
31
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.

Employees0/15 pts

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

Liquidity6/20 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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/05/2025

Net Worth

-£24k

Balance sheet strength

Cash

£31

Cash in the bank

Net Current Assets

-£9k

Working capital

Current Assets

£148k

Current Liabilities

£157k

Debtors

£148k

Director Loans

Directors owe company£9k

Balance Sheet

Assets less current liabilities-£9k
Signed by Mr Oluwaseun Olushanu 27/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.94+£0
20250.94-£2k
20240.98+£86k
20230.57+£58k
20220.49+£93k
20210.56-£67k
20200.70-£112k
20190.24-£22k
20180.28—

Derived from filed accounts. Not audited figures.