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First Cart Ltd

10447829

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

Details

UNIT 5 CLEMENTS COURT, ILFORD, IG1 2QY
Incorporated 26/10/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Ram Shiv Suglani

director · Since 26/10/2016

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 10 other boards

Persons with Significant Control

Mr Ram Shiv Suglani

75–100% shares

British · England · Age 66

Unit 5 Clements Court, Clements Lane, Ilford, IG1 2QY

Notified 26/10/2016

CompanyRankvs 62756+ SIC 62020 peers
49

Financial strength15th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 3.67× · 20/20
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 strength4/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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 31/10/2023

Net Worth

-£328

Balance sheet strength

Cash

£952

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£41k

Current Liabilities

£11k

Fixed Assets

£3k

Debtors

£40k

Tax at Year End

Corp tax£17

Director Loans

Company owes directors£7k

Balance Sheet

Assets less current liabilities£32k
Signed by Mr RAM SHIV SUGLANI 27/09/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20233.67
20228.12+£5k
202113.65-£2k
20200.29-£3k
20190.21-£2k
20180.43

Derived from filed accounts. Not audited figures.