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Lassic Properties Limited

10516229

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

LASSIC BUILDING, BRADFORD, BD4 6HN
Incorporated 08/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Rajesh Handa

director · Since 08/12/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Also on 8 other boards

Mr Suresh Handa

director · Since 08/12/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 5 other boards

Persons with Significant Control

Mr Rajesh Handa

25–50% votes

British · United Kingdom · Age 47

C/O Home Discount Ltd, Nile Street, Huddersfield, HD1 3LP

Notified 08/12/2016

Mr Suresh Handa

25–50% votes

British · United Kingdom · Age 49

C/O Home Discount Ltd, Nile Street, Huddersfield, HD1 3LP

Notified 08/12/2016

Arlington Capital Group Limited

25–50% shares

Lassic Building, Dawson Lane, Bradford, BD4 6HN

Reg: 17034839 · England And Wales · Private Company Limited By Shares

Notified 20/02/2026

Ashlar Capital Group Limited

25–50% shares

Lassic Building, Dawson Lane, Bradford, BD4 6HN

Reg: 17034860 · England And Wales · Private Company Limited By Shares

Notified 20/02/2026

Mrs Rakhi Handa

25–50% votes

British · England · Age 48

Lassic Building, Dawson Lane, Bradford, BD4 6HN

Notified 25/03/2026

Mrs Mandeep Kaur Handa

25–50% votes

British · England · Age 47

Lassic Building, Dawson Lane, Bradford, BD4 6HN

Notified 25/03/2026

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 08/02/2022Registered 11/02/2022
Charge
outstanding

HSBC BANK PLC

Created 13/12/2017Registered 14/12/2017
Charge
outstanding

HSBC BANK PLC

Created 22/03/2017Registered 23/03/2017

CompanyRankvs 25234+ SIC 68100 peers
58

Financial strength99th percentile among SIC peers · 25/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees12/15 pts

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

Liquidity6/20 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 31/10/2024

Net Worth

£7.8M

Balance sheet strength

Cash

£195k

Cash in the bank

Net Current Assets

-£1.5M

Working capital

Current Assets

£6.3M

Current Liabilities

£7.8M

Fixed Assets

£15.4M

Debtors

£6.1M

2avg. employees

Tax at Year End(2020)

Corp tax£34k

Director Loans(2019)

Company owes directors£902k

Balance Sheet

Assets less current liabilities£13.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81+£552k
20230.58+£882k
20220.56+£1.2M
20210.51+£3.4M
20200.16+£140k
20190.08+£1.6M
20180.04

Derived from filed accounts. Not audited figures.