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Pass Trade Limited

11279790

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

18 THE ROPEWALK, NOTTINGHAM, NG1 5DT
Incorporated 28/03/2018

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 27/03/2026

Due 10/04/2027

On track

Industry

85590
Other education

Officers

Karenjeet Gorecha

director · Since 28/03/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Mr Ricky Gorecha

director · Since 28/03/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Mr Sanil Gorecha

director · Since 28/03/2018

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 2 other boards

Persons with Significant Control

Mr Ricky Gorecha

25–50% shares

British · United Kingdom · Age 40

18, The Ropewalk, Nottingham, NG1 5DT

Notified 28/03/2018

Mr Sanil Gorecha

25–50% shares

British · England · Age 38

18, The Ropewalk, Nottingham, NG1 5DT

Notified 28/03/2018

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 28/02/2020Registered 13/03/2020
Charge
outstanding

LLOYDS BANK PLC

Created 06/03/2020Registered 06/03/2020

CompanyRankvs 10572+ SIC 85590 peers
50

Financial strength15th percentile among SIC peers · 4/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 10.76× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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10572Pass Trade Limited
60
How is this score calculated?
Financial strength4/25 pts

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

Employees13/15 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.

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

-£2k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£33k

Working capital

Current Assets

£36k

Current Liabilities

£3k

3avg. employees
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
202510.76
202418.12
202312.13
202216.72
20211.12
20201.12
20190.89

Derived from filed accounts. Not audited figures.