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Thunderbird Fried Chicken Ltd

10582001

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

29 VILLIERS STREET, LONDON, WC2N 6ND
Incorporated 24/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56103
Take-away food shops and mobile food stands

Officers

Matthew Edward Harris

director · Since 24/01/2017

CONSULTANT

BRITISH · ENGLAND · Age 40

Also on 1 other board

Mr Brandon Borg Stephens

director · Since 28/11/2018

ENTREPRENEUR

BRITISH · ENGLAND · Age 53

Also on 15 other boards

Mr Robin James Leslie Rowland

director · Since 30/07/2020

OPERATING PARTNER

BRITISH · UNITED KINGDOM · Age 65

Also on 11 other boards

Mr Paul John Gilchrist

director · Since 22/09/2021

CEO

BRITISH · ENGLAND · Age 60

Also on 5 other boards

Persons with Significant Control

Trispan Rising Stars Lp

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

39, Sloane Street, London, SW1X 9LP

Notified 22/10/2018

Former PSCs

Matthew Edward Harris

Ceased 14/05/2021

CompanyRankvs 55430+ SIC 56101 peers
60

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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.

Employees15/15 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and whilst the lead investor has indicated their continued support for the business the lack of a binding commitment does create a material uncertainty over the Company’s ability to continue as a going concern. Although the current macro/wider economic situation is uncertain, the directors believe that the actions they have taken leave the Company well placed to grow and that the plans they have p

Key FinancialsYear ending 27/03/2022

Net Worth

£1.5M

Balance sheet strength

Cash

£358k

Cash in the bank

Net Current Assets

-£897k

Working capital

Current Assets

£1.2M

Current Liabilities

£2.1M

Fixed Assets

£2.4M

Debtors

£824k

89avg. employees

Balance Sheet

Intangible assets£11k
Assets less current liabilities£1.5M
Prepared with Caseware UK (AP4) 2021.0.152

EstimatesDerived

YearCurrent Ratio
20220.58

Derived from filed accounts. Not audited figures.