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Channa Trading Ltd

10693360

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 7 MIDAS BUSINESS CENTRE, DAGENHAM, RM10 8PS
Incorporated 28/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46730
Wholesale of wood, construction materials and sanitary equipment

Officers

Mr Gurjit Singh Channa

director · Since 28/03/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 5 other boards

Mrs Harwinder Kaur Channa

secretary · Since 21/02/2025

Persons with Significant Control

Mr Gurjit Singh Channa

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

British · England · Age 38

Unit 7 Midas Business Centre, Wantz Road, Dagenham, RM10 8PS

Notified 28/03/2017

Former PSCs

Mr897 Amarjit Singh Channa

Ceased 25/08/2023

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/07/2019Registered 07/08/2019
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 17/07/2019Registered 26/07/2019
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 06/11/2018Registered 09/11/2018Satisfied 19/08/2019
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 06/11/2018Registered 09/11/2018Satisfied 19/08/2019

CompanyRankvs 521+ SIC 46730 peers
62

Financial strength75th percentile among SIC peers · 19/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.25× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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521Channa Trading Ltd
72
How is this score calculated?
Financial strength19/25 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.

Liquidity20/20 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 31/03/2025

Net Worth

£183k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£103k

Working capital

Current Assets

£191k

Current Liabilities

£85k

Fixed Assets

£262k

2avg. employees

Balance Sheet

Assets less current liabilities£366k
Signed by 24 November 2025

EstimatesDerived

YearCurrent RatioImplied Profit
20252.25+£6k
20242.54+£18k
20231.85+£38k
20221.88+£50k
20211.12+£34k
20200.65+£4k
20190.22—

Derived from filed accounts. Not audited figures.