Otif Distribution Limited
10282329
High Risk
- Accounts filing overdue (-15)
- Confirmation statement overdue (-10)
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/07/2022
group
Next accounts due
26/07/2024
Confirmation statement
Last: 15/07/2024
Due 29/07/2025
Industry
Officers
director · Since 16/07/2016
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 63
Also on 10 other boards
director · Since 26/07/2021
SITE DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 2 other boards
Former
secretary · Resigned 09/09/2019
director · Resigned 28/02/2020
director · Resigned 23/01/2022
director · Resigned 12/12/2022
director · Resigned 21/03/2023
director · Resigned 04/04/2023
Persons with Significant Control
Mr Graham Trevor Darnell
British · United Kingdom · Age 63
10282329 - Companies House Default Address, Cardiff, CF14 8LH
Notified 16/07/2016
Former PSCs
Mr Leslie Webb
Ceased 10/11/2020
Mr Vincent Paul O'Shea
Ceased 10/11/2020
Mr David Michael Carroll
Ceased 28/02/2020
Charges4 outstanding
PRAETURA COMMERCIAL FINANCE LIMITED
PRAETURA COMMERCIAL FINANCE LIMITED
PRAETURA COMMERCIAL FINANCE LIMITED
ULTIMATE INVOICE FINANCE GROUP
Change History
Active - Proposal to Strike off
Private Limited Company
CARDIFF
CompanyRankvs 50149+ SIC 49410 peers0
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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
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
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. Material uncertainty relating to going concern We draw attention to Note 1.4, which indicates that as two subsidiaries in the group went into administration post-year end, this has had a considerable effect on the group and even at y
Key FinancialsYear ending 31/07/2022
Net Worth
-£90k
Balance sheet strength
Cash
£78
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£5.8M
Fixed Assets
£9.7M
Debtors
£4.1M
Profit After Tax
-£1.2M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Implied Profit |
|---|---|
| 2022 | -£190k |
Derived from filed accounts. Not audited figures.