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First Track Ltd

11334744

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

SUITE 315, LONDON, E10 5NP
Incorporated 28/04/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Sheraz Nazir Ahmed

director · Since 28/04/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 3 other boards

Persons with Significant Control

Mr Sheraz Nazir Ahmed

75–100% shares
75–100% votes

British · United Kingdom · Age 42

Suite 315, 2a Ruckholt Road, London, E10 5NP

Notified 28/04/2018

Charges7 outstanding

Charge
outstanding

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CHARTER COURT FINANCIAL SERVICES LIMITED

Created 03/12/2021Registered 08/12/2021
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 23/11/2021Registered 01/12/2021Satisfied 05/09/2022
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 23/11/2021Registered 01/12/2021Satisfied 05/09/2022
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 15/11/2021Registered 17/11/2021Satisfied 05/09/2022
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 15/11/2021Registered 17/11/2021Satisfied 05/09/2022
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 03/09/2021Registered 08/09/2021Satisfied 05/09/2022
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 03/09/2021Registered 08/09/2021Satisfied 05/09/2022
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 22/08/2018Registered 03/09/2018

CompanyRankvs 149810+ SIC 68100 peers
19

Financial strength3th percentile among SIC peers · 1/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 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.

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 30/04/2025

Net Worth

-£130k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£825k

Working capital

Current Assets

£31k

Current Liabilities

£859k

Fixed Assets

£3.1M

0avg. employees-1

Balance Sheet

Assets less current liabilities£2.3M
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20250.04+£49k
20240.02-£7k
20230.10-£134k
20220.01
20210.39
2020-£6k

Derived from filed accounts. Not audited figures.