Guitar Garage Ltd
09665278
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mrs Lynne O'Dea
British · England · Age 52
8 Franklins Yard, Fossgate, York, YO1 9TN
Notified 20/04/2023
Former PSCs
Mrs Francine Marie O'Dea
Ceased 20/04/2023
Charges1 outstanding
MOR MUSIC LIMITED – IN ADMINISTRATION
CompanyRankvs 232+ SIC 32200 peers34
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/07/2025
Net Worth
-£102k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£13k
Working capital
Current Assets
£15k
Current Liabilities
£28k
Fixed Assets
£336
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.54 | -£198k |
| 2024 | 0.77 | +£172k |
| 2023 | 0.70 | — |
Derived from filed accounts. Not audited figures.