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G.L. Products Ltd

10398172

active - proposal to strike off
Private Limited Company
england wales
Companies House
Health Score
N/A

Details

STAFFORDSHIRE KNOT, WEDNESBURY, WS10 8TE
Incorporated 28/09/2016

Compliance

Last accounts

31/03/2022

total exemption full

Next accounts due

31/12/2023

Overdue

Confirmation statement

Last: 01/04/2022

Due 15/04/2023

Overdue

Industry

45112
Sale of used cars and light motor vehicles

Officers

Merlin Business Services Uk Ltd

secretary · Since 28/09/2016

Also on 630 other boards

Mr Gurdaver Singh

director · Since 28/09/2016

CAR SALES

ENGLISH · UNITED KINGDOM · Age 70

Also on 3 other boards

Persons with Significant Control

Mr Gurdaver Singh

75–100% shares

English · United Kingdom · Age 70

36, Marbury Drive, Bilston, WV17 4AP

Notified 28/09/2016

CompanyRankvs 16252+ SIC 45112 peers
39

Financial strength8th percentile among SIC peers · 2/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 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.

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

Key FinancialsYear ending 31/03/2022

Turnover

£9k

Annual revenue

Net Worth

-£28k

Balance sheet strength

Cash

£976

Cash in the bank

Profit Before Tax

-£33k

Bottom line earnings

Net Current Assets

-£61k

Working capital

Current Assets

£976

Current Liabilities

£62k

Cost of Sales

£28k

Gross Profit

-£18k

Admin Expenses

£17k

Profit After Tax

-£33k

2avg. employees+1

Balance Sheet

Assets less current liabilities-£61k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20220.02-£15k
20210.49
20200.71
20190.96

Derived from filed accounts. Not audited figures.