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Purvis News Ltd

10210772

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

131A ALBANY ROAD, HORNCHURCH, RM12 4AQ
Incorporated 02/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Jignesh Chandrakant Patel.

director · Since 02/06/2016

BUSINESSMAN

INDIAN · UNITED KINGDOM · Age 51

Mrs Alpana Jignesh Patel

director · Since 01/01/2017

BUSINESSWOMAN

INDIAN · ENGLAND · Age 50

Persons with Significant Control

Mr Jignesh Chandrakant Patel

25–50% shares

Indian · England · Age 51

131a, Albany Road, Hornchurch, RM12 4AQ

Notified 02/06/2016

Mrs Alpana Jignesh Patel

25–50% shares

Indian · England · Age 50

131a, Albany Road, Hornchurch, RM12 4AQ

Notified 01/10/2023

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 04/07/2017Registered 10/07/2017

CompanyRankvs 5801+ SIC 47110 peers
56

Financial strength95th percentile among SIC peers · 24/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

Employees11/15 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.

Longevity10/15 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 31/05/2025

Net Worth

£258k

Balance sheet strength

Cash

£102k

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£379k

Current Liabilities

£381k

Fixed Assets

£690k

Debtors

£257k

5avg. employees

Balance Sheet

Intangible assets£208k
Assets less current liabilities£688k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.99+£11k
20241.15+£19k
20231.27+£17k
20222.87+£4k
20214.94+£14k
2020+£5k
2019+£149k

Derived from filed accounts. Not audited figures.