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Spiceway Wholesale Limited

10558045

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 4 COLLEGE FIELDS BUSINESS CENTRE, LONDON, SW19 2PT
Incorporated 11/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46380
Wholesale of other food, including fish, crustaceans and molluscs

Officers

Mr Muthuthamby Sivapalan

director · Since 11/01/2017

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 8 other boards

Mrs Arudselvi Sivapalan

director · Since 04/12/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 5 other boards

Persons with Significant Control

Mr Muthuthamby Sivapalan

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

British · England · Age 61

Unit 4 College Fields Business Centre, Prince Georges Road, Merton, SW19 2PX

Notified 11/01/2017

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 21/09/2020Registered 29/09/2020
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 05/06/2020Registered 23/06/2020Satisfied 01/10/2020
Charge
outstanding

LLOYDS BANK PLC

Created 08/01/2020Registered 18/01/2020
Charge
outstanding

LLOYDS BANK PLC

Created 16/12/2019Registered 16/12/2019

CompanyRankvs 811+ SIC 46380 peers
54

Financial strength88th percentile among SIC peers · 22/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.91× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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811Spiceway Wholesale Limited
60
How is this score calculated?
Financial strength22/25 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.

Longevity9/15 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 31/01/2025

Net Worth

£406k

Balance sheet strength

Cash

£63k

Cash in the bank

Net Current Assets

-£81k

Working capital

Current Assets

£837k

Current Liabilities

£918k

Fixed Assets

£1.0M

Debtors

£702k

5avg. employees-1

Balance Sheet

Assets less current liabilities£962k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.91+£132k
20240.79+£38k
20230.81+£66k
20221.01+£37k
20211.02+£37k
20200.61+£12k
20191.14—

Derived from filed accounts. Not audited figures.