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Openrice Limited

10345619

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

102 SALMON LANE, LONDON, E14 7PQ
Incorporated 25/08/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Chun Man Cheng

director · Since 25/08/2016

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 4 other boards

Persons with Significant Control

Mr Chun Man Cheng

Significant control

British · England · Age 50

Flat 109, Fathom Court, 2 Basin Approach, London, E16 2FF

Notified 25/08/2016

Charges2 outstanding

Charge
outstanding

AXIS BANK UK LIMITED

Created 13/09/2019Registered 17/09/2019
Charge
outstanding

ONESAVINGS BANK PLC

Created 07/11/2017Registered 23/11/2017

CompanyRankvs 247868+ SIC 68209 peers
21

Financial strength3th percentile among SIC peers · 1/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.16× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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247868Openrice Limited
30
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

-£110k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

-£276k

Working capital

Current Assets

£51k

Current Liabilities

£327k

Fixed Assets

£802k

Debtors

£34k

0avg. employees

Balance Sheet

Bank loans & overdrafts£635k
Assets less current liabilities£525k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20240.16-£5k
20230.24-£48k
20220.40-£53k
20210.65+£131
20200.03+£94
20190.00-£956
20180.94—

Derived from filed accounts. Not audited figures.