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Acre City Limited

10499273

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

7 CHURCHILL COURT 58 STATION ROAD, HARROW, HA2 7SA
Incorporated 28/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55100
Hotels and similar accommodation

Officers

Mr Kamal Pankhania

director · Since 28/11/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Mr Sunil Pankhania

director · Since 28/11/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 28 other boards

Vraj Pankhania

director · Since 28/11/2016

PROPERTY DEVELOPER

BRITISH · UNITED KINGDOM · Age 75

Also on 24 other boards

Persons with Significant Control

Former PSCs

Mr Sunil Pankhania

Ceased 06/02/2020

Mr Kamal Pankhania

Ceased 06/02/2020

Vraj Pankhania

Ceased 06/02/2020

Charges7 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/04/2024Registered 15/04/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/04/2024Registered 11/04/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/04/2024Registered 11/04/2024
Charge
outstanding

AIB GROUP (UK) P.L.C

Created 25/01/2022Registered 26/01/2022
Charge
outstanding

AIB GROUP (UK) P.L.C

Created 25/01/2022Registered 26/01/2022
Charge
outstanding

AIB GROUP (UK) P.L.C

Created 25/01/2022Registered 26/01/2022
Charge
outstanding

AIB GROUP (UK) P.L.C

Created 25/01/2022Registered 26/01/2022
Charge
satisfied

AIB GROUP (UK) P.L.C

Created 25/01/2022Registered 26/01/2022Satisfied 09/08/2023

CompanyRankvs 9283+ SIC 55100 peers
24

Financial strength2th percentile among SIC peers · 1/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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6The Stafford Hotel Limited
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9283Acre City Limited
33
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.

Employees6/15 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 31/12/2023

Net Worth

-£2.4M

Balance sheet strength

Cash

£680

Cash in the bank

Net Current Assets

-£8.3M

Working capital

Current Assets

£5.5M

Current Liabilities

£13.8M

Fixed Assets

£18.3M

Debtors

£5.5M

1avg. employees

Tax at Year End

Corp tax£153k

Balance Sheet

Assets less current liabilities£10.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.40-£1.4M
20220.22-£492k
20210.24-£90k
20200.03-£138k
20190.04—

Derived from filed accounts. Not audited figures.