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Ghag Stores Ltd

11140585

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 7, GATESHEAD, NE11 9SY
Incorporated 09/01/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mrs Manpreet Kaur Ghag

director · Since 09/01/2018

DIRECTOR

BRITISH · ENGLAND · Age 71

Mr Major Singh

director · Since 09/01/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Persons with Significant Control

Mr Major Singh

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 72

Unit 7, The Watermark, Gateshead, NE11 9SY

Notified 09/01/2018

Mrs Manpreet Kaur Ghag

25–50% shares
25–50% votes

British · England · Age 71

30, Hollyhurst Road, Darlington, DL3 6HT

Notified 25/09/2021

Former PSCs

Mrs Manpreet Kaur Ghag

Ceased 30/06/2021

CompanyRankvs 1348+ SIC 47110 peers
78

Financial strength94th percentile among SIC peers · 24/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 6.14× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1348Ghag Stores Ltd
78
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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.

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

Key FinancialsYear ending 28/02/2025

Net Worth

£185k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£145k

Working capital

Current Assets

£173k

Current Liabilities

£28k

Fixed Assets

£40k

5avg. employees+2

Balance Sheet

Assets less current liabilities£185k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20256.14+£16k
20244.56+£37k
20233.32+£43k
20222.05+£43k
20210.98—

Derived from filed accounts. Not audited figures.