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Reelaxing Ltd

10576133

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

29-30 VIVTORIA STREET, WOLVERHAMPTON, WV1 3PW
Incorporated 23/01/2017

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 Satwant Singh Shergill

director · Since 23/01/2017

MD

BRITISH · ENGLAND · Age 59

Also on 5 other boards

Persons with Significant Control

Mr Satwant Singh Shergill

75–100% shares
75–100% votes

British · United Kingdom · Age 59

29-30 Vivtoria Street, Victoria Street, Wolverhampton, WV1 3PW

Notified 23/01/2017

Charges3 outstanding

Charge
outstanding

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TOGETHER COMMERCIAL FINANCE LIMITED

Created 25/04/2024Registered 03/05/2024Satisfied 29/01/2026
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satisfied

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Created 25/04/2024Registered 01/05/2024Satisfied 29/01/2026
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satisfied

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Created 19/05/2022Registered 23/05/2022Satisfied 29/01/2026
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MT FINANCE LTD

Created 03/03/2021Registered 08/03/2021Satisfied 09/10/2025
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PANTHER AL (VAT) LIMITED

Created 08/09/2017Registered 21/09/2017Satisfied 12/01/2022

CompanyRankvs 35693+ SIC 68100 peers
48

Financial strength91th percentile among SIC peers · 23/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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35693Reelaxing Ltd
58
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.

Employees9/15 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.

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

£345k

Balance sheet strength

Cash

£29k

Cash in the bank

Net Current Assets

-£45k

Working capital

Current Assets

£44k

Current Liabilities

£89k

Fixed Assets

£735k

Debtors

£15k

1avg. employees

Balance Sheet

Bank loans & overdrafts£345k
Assets less current liabilities£690k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.49+£26k
20240.55+£368k
20232.11+£9k
20220.34+£8k
2021—-£6k
2020—+£0
20190.00—

Derived from filed accounts. Not audited figures.