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Garnet Bidco Limited

10213613

active
Private Limited Company
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

DUKES HOUSE, LONDON, SW1E 6AJ
Incorporated 03/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85200
Primary education

Officers

Mr Aatif Naveed Hassan

director · Since 21/06/2021

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 153 other boards

Mr Michael William Giffin

director · Since 01/03/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 112 other boards

Persons with Significant Control

Garnet Midco Limited

75–100% shares

Dukes House, 58 Buckingham Gate, London, SW1E 6AJ

Reg: 10212847 · England And Wales · Limited Company

Notified 24/06/2016

Charges4 outstanding

Charge
outstanding

WILMINGTON TRUST (LONDON) LIMITED AS SECURITY AGENT

Created 09/09/2024Registered 30/09/2024
Charge
outstanding

WILMINGTON TRUST (LONDON) LIMITED AS SECURITY AGENT

Created 29/02/2024Registered 07/03/2024
Charge
outstanding

WILMINGTON TRUST (LONDON) LIMITED (AS SECURITY AGENT)

Created 07/10/2022Registered 21/10/2022
Charge
outstanding

WILMINGTON TRUST (LONDON) LIMITED AS SECURITY AGENT

Created 24/11/2021Registered 06/12/2021
Charge
satisfied

AGENSYND S.L. (AS SECURITY AGENT FOR THE BENEFICIARIES)

Created 24/06/2016Registered 01/07/2016Satisfied 23/06/2021
Charge
satisfied

SOVEREIGN CAPITAL IV LIMITED PARTNERSHIP ACTING BY ITS MANAGING GENERAL PARTNER BB SHELF 4 LLP

Created 24/06/2016Registered 01/07/2016Satisfied 23/06/2021

CompanyRankvs 1098+ SIC 85200 peers
42

Financial strength99th percentile among SIC peers · 25/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.21× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

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.

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

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

responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We are responsible for concluding on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncert

Key FinancialsYear ending 31/08/2021

Net Worth

£7.7M

Balance sheet strength

Cash

£414

Cash in the bank

Profit Before Tax

£22.9M

Bottom line earnings

Net Current Assets

-£31.7M

Working capital

Current Assets

£8.6M

Current Liabilities

£40.3M

Debtors

£8.6M

Admin Expenses

£279k

Operating Profit

£24.8M

Profit After Tax

£22.9M

3avg. employees

Balance Sheet

Bank loans & overdrafts£24.3M
Assets less current liabilities£7.7M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20210.21

Derived from filed accounts. Not audited figures.