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Love Corn Limited

10451031

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

1 HARDMAN STREET, MANCHESTER, M3 3HF
Incorporated 28/10/2016

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 27/10/2025

Due 10/11/2026

On track

Industry

10890
Manufacture of other food products

Officers

Mr James Mccloskey

director · Since 28/10/2016

CEO

BRITISH · UNITED KINGDOM · Age 49

Also on 3 other boards

Persons with Significant Control

Love Corn Holdings Limited

75–100% shares

1, Hardman Street, Manchester, M3 3HF

Reg: 10524823 · United Kingdom · Private Limited Company

Notified 26/10/2017

Former PSCs

Mr James Mccloskey

Ceased 26/10/2017

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 12/10/2020Registered 14/10/2020
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 13/05/2020Registered 18/05/2020
Charge
satisfied

BARCLAYS BANK PLC

Created 08/01/2018Registered 11/01/2018Satisfied 25/03/2020

CompanyRankvs 430+ SIC 10890 peers
59

Financial strength94th percentile among SIC peers · 24/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.77× · 16/20
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 strength24/25 pts

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

Employees14/15 pts

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

Liquidity16/20 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

the director is aware of certain uncertainties which may cause doubt on the company's ability to continue as a going concern. true At 31 December 2024, the company continues to report a deficiency in profit and loss reserves as a result of the ongoing losses sustained by the business in its early years of trading. T

Key FinancialsYear ending 31/12/2024

Net Worth

£951k

Balance sheet strength

Cash

£428k

Cash in the bank

Net Current Assets

£983k

Working capital

Current Assets

£2.3M

Current Liabilities

£1.3M

Debtors

£1.2M

Profit After Tax

-£374k

12avg. employees+3
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.77+£521k
20231.45+£155k
20221.45+£180k
20211.32-£156k
20202.11-£11k
20191.96+£55k
20182.36

Derived from filed accounts. Not audited figures.