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Jhoots Chemist Limited

11025061

in administration
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

2ND FLOOR, LONDON, EC4N 6EU
Incorporated 20/10/2017

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 19/10/2024

Due 02/11/2025

Overdue

Industry

47730
Dispensing chemist in specialised stores

Officers

Mr Sarbjit Singh Jhooty

director · Since 20/10/2017

PHARMACIST

BRITISH · ENGLAND · Age 50

Also on 17 other boards

Persons with Significant Control

Mr Sarbjit Singh Jhooty

75–100% shares
75–100% votes

British · England · Age 50

Jhoots Group, International House, Walsall, WS4 2LA

Notified 20/10/2017

Charges17 outstanding

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outstanding

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Insolvency History1 case

in administration

Ian James Corfield (practitioner) · Raj Mittal (practitioner)

CompanyRankvs 15+ SIC 47730 peers
0

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.41× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Going Concern Doubt

2.24 31.12.23 £ £ Bank loans 1,092,106 1,807,944 10. ULTIMATE CONTROLLING PARTY The Ultimate Controlling party is Mr Sarbjit Singh Jhooty by virtue of his ownership of 100% shares in the company. 11. GOING CONCERN The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. P

Key FinancialsYear ending 31/12/2024

Net Worth

-£1.6M

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£2.7M

Working capital

Current Assets

£1.9M

Current Liabilities

£4.7M

Fixed Assets

£2.2M

Debtors

£1.9M

36avg. employees-2

Balance Sheet

Intangible assets£2.1M
Assets less current liabilities-£496k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.41-£1.9M
20230.77—

Derived from filed accounts. Not audited figures.