The Frankincense Company Ltd
10960893
Some Concerns
- Negative net worth (-10)
Details
Previously known as
Compliance
Last accounts
30/09/2024
total exemption full
Next accounts due
30/06/2026
Confirmation statement
Last: 10/06/2026
Due 24/06/2027
Industry
Officers
director · Since 13/09/2017
BUSINESS CONSULTANT
BRITISH · UNITED KINGDOM · Age 57
Also on 1 other board
Persons with Significant Control
Mr Mohamed Farah Hassan
British · England · Age 27
71-75, Shelton Street, London, WC2H 9JQ
Notified 10/06/2026
Former PSCs
Mr Abdirashid Ahmed
Ceased 10/06/2026
CompanyRankvs 50+ SIC 02300 peers34
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2025
Net Worth
-£17k
Balance sheet strength
Cash
£9k
Cash in the bank
Net Current Assets
-£17k
Working capital
Current Assets
—
Current Liabilities
£26k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£13k |
| 2024 | 0.82 | -£13k |
| 2023 | 0.73 | +£6k |
| 2021 | 0.06 | — |
Derived from filed accounts. Not audited figures.