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Nine Reading Hotel Limited

10470161

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

VIVEK HOUSE, WATFORD, WD17 1DS
Incorporated 09/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55100
Hotels and similar accommodation

Officers

Mr Gursharan Singh Chadha

director · Since 24/10/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 32 other boards

Mrs Jasbir Kaur Chadha

director · Since 24/10/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 30 other boards

Persons with Significant Control

Chadha Capital Investments Limited

75–100% shares
75–100% votes
Appoint directors

65-67 Clarendon Road, Watford, WD17 1DS

Notified 09/11/2016

Charges3 outstanding

Charge
outstanding

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satisfied

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CompanyRankvs 2802+ SIC 55100 peers
53

Financial strength93th percentile among SIC peers · 23/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2802Nine Reading Hotel Limited
62
How is this score calculated?
Financial strength23/25 pts

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

Employees13/15 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 30/06/2024

Net Worth

£2.4M

Balance sheet strength

Cash

£264k

Cash in the bank

Net Current Assets

-£3.3M

Working capital

Current Assets

£1.5M

Current Liabilities

£4.8M

Fixed Assets

£14.3M

Debtors

£1.3M

Profit After Tax

£333k

18avg. employees

Tax at Year End

Corp tax£130k

People Costs(2021)

Wages & salaries£551k
NI contributions£39k

Balance Sheet

Bank loans & overdrafts£5k
Assets less current liabilities£11.0M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20240.32+£799k
20230.06-£71k
20220.03-£142k
20210.04-£526k
20200.13+£2.7M
20190.12—

Derived from filed accounts. Not audited figures.