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The City Zip Company Limited

10582106

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

124 FINCHLEY ROAD, LONDON, NW3 5JS
Incorporated 25/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93290
Other amusement and recreation activities

Officers

Mr Barry Shaverin

director · Since 25/01/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 4 other boards

Persons with Significant Control

Elmswood Capital

75–100% shares

Rsm Stc House, 7 Elmfield Road, Bromley, BR1 1LT

Reg: 11233994 · Companies House · Private Unlimited Company

Notified 19/03/2018

Former PSCs

Mr Barry Shaverin

Ceased 07/01/2020

Zip World Limited

Ceased 15/03/2018

Charges2 outstanding

Charge
outstanding

B CAPITAL SERVICES (MALTA) LIMITED

Created 22/10/2019Registered 29/10/2019
Charge
outstanding

ELMSWOOD CAPITAL

Created 19/03/2018Registered 22/03/2018
Charge
satisfied

ZIP WORLD LIMITED

Created 31/07/2017Registered 21/08/2017Satisfied 15/03/2018

CompanyRankvs 15+ SIC 93290 peers
6

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

remain unsatisfied. The company also has a potential claim against a supplier for £19,000 for lost equipment. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial sta

Key FinancialsYear ending 31/12/2020

Net Worth

-£890k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

-£912k

Working capital

Current Assets

£21k

Current Liabilities

£910k

Fixed Assets

£180k

Debtors

£3k

3avg. employees-7

Balance Sheet

Assets less current liabilities-£731k

EstimatesDerived

YearCurrent RatioImplied Profit
20200.02-£84k
20190.01-£508k
20180.08—

Derived from filed accounts. Not audited figures.