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Rags South West Ltd

10756677

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

WHYFIELD GROUND FLOOR BUILDING A TRURO BUSINESS PARK, TRURO, TR4 9LF
Incorporated 05/05/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47520
Retail sale of hardware, paints and glass in specialised stores

Officers

Mr Darren Robert Shrigley

director · Since 05/05/2017

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 4 other boards

Persons with Significant Control

Mr Darren Robert Shrigley

Significant control

British · England · Age 41

Whyfield Ground Floor Building A, Truro Business Park, Truro, TR4 9LF

Notified 05/05/2017

Mrs Susan Louise Shrigley

Significant control

British · England · Age 40

Whyfield Ground Floor Building A, Truro Business Park, Truro, TR4 9LF

Notified 05/05/2017

Charges1 outstanding

Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 15/03/2018Registered 21/03/2018

CompanyRankvs 2227+ SIC 47520 peers
19

Financial strength10th percentile among SIC peers · 3/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2227Rags South West Ltd
29
How is this score calculated?
Financial strength3/25 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

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

-£14k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£500

Current Liabilities

£15k

Director Loans(2020)

Company owes directors£23k

Balance Sheet

Assets less current liabilities-£14k
Signed by Mr Darren Shrigley 24/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.03+£0
20240.08+£2k
20230.41+£3k
20220.22-£6k
20210.46+£7k
20200.21-£830
20190.13-£15k
20180.49—

Derived from filed accounts. Not audited figures.