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Understated Limited

10998187

receivership
ltd
Companies House
Health Score
N/A

Details

2nd Floor, Unicorn House, Station Close, Potters Bar, EN6 1TL
Incorporated 05/10/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

96090
Other personal service activities

Officers

Mr David Samuel Harouni

director · Since 01/09/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 40 other boards

Mr Jeremiah Harouni

director · Since 01/09/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 77

Also on 22 other boards

Persons with Significant Control

Mr David Samuel Harouni

25–50% shares
25–50% votes

British · United Kingdom · Age 48

2nd Floor, Unicorn House, Station Close, Potters Bar, EN6 1TL

Notified 01/09/2018

Mr Jeremiah Harouni

25–50% shares
25–50% votes

British · United Kingdom · Age 77

2nd Floor, Unicorn House, Station Close, Potters Bar, EN6 1TL

Notified 01/09/2018

Charges2 outstanding

Charge
outstanding

LENDINVEST SECURITY TRUSTEES LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 05/12/2022Registered 09/12/2022
Charge
outstanding

CBRE LOAN SERVICES LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 05/12/2022Registered 09/12/2022
Charge
satisfied

CATS ABBEY LTD

Created 09/10/2020Registered 23/10/2020Satisfied 18/08/2025

Change History

status → receivership
2026-07-28

Active

type → ltd
2026-07-28

Private Limited Company

address line1 → 2nd Floor, Unicorn House
2026-07-28

2ND FLOOR, UNICORN HOUSE

post town → Potters Bar
2026-07-28

POTTERS BAR

CompanyRankvs 15+ SIC 96090 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

-£698k

Balance sheet strength

Cash

£56k

Cash in the bank

Net Current Assets

-£911k

Working capital

Current Assets

£107k

Current Liabilities

£1.0M

Fixed Assets

£2.0M

Debtors

£51k

2avg. employees

Balance Sheet

Assets less current liabilities£1.1M
Signed by 2023-11-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.11-£32k
20230.06—

Derived from filed accounts. Not audited figures.