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Funmike Associates Limited

10714047

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

128 CITY ROAD, LONDON, EC1V 2NX
Incorporated 06/04/2017

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

Mrs Juliannah Olufunmilayo Oreyemi

secretary · Since 06/04/2017

Mr Michael Kolawole Oreyemi

director · Since 06/04/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 1 other board

Persons with Significant Control

Mrs Juliannah Olufunmilayo Oreyemi

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

British · England · Age 57

128, City Road, London, EC1V 2NX

Notified 23/05/2023

Charges7 outstanding

Charge
outstanding

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Created 16/08/2024Registered 03/09/2024
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outstanding

ALDERMORE BANK PLC

Created 16/12/2022Registered 22/12/2022
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outstanding

ALDERMORE BANK PLC

Created 16/12/2022Registered 22/12/2022
Charge
outstanding

ALDERMORE BANK PLC

Created 08/09/2017Registered 08/09/2017
Charge
outstanding

ALDERMORE BANK PLC

Created 30/08/2017Registered 31/08/2017
Charge
outstanding

ALDERMORE BANK PLC

Created 30/08/2017Registered 31/08/2017

CompanyRankvs 88919+ SIC 68100 peers
32

Financial strength15th percentile among SIC peers · 4/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio -24.27× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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88919Funmike Associates Limited
42
How is this score calculated?
Financial strength4/25 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.

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 30/04/2025

Net Worth

-£12k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£23k

Working capital

Current Assets

-£23k

Current Liabilities

£930

Fixed Assets

£801k

2avg. employees

Balance Sheet

Assets less current liabilities£777k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
2025-24.27+£0
2025-24.27-£8k
2024-16.32—
2023-13.00—
20221.48-£4k
20214.38-£3k
2020Infinity+£1k
20190.00+£10k
20180.00—

Derived from filed accounts. Not audited figures.