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Gadget Exchange Ltd

11350792

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 105, LUTON, LU1 2LJ
Incorporated 09/05/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Abid Zafar

director · Since 09/05/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 36

Persons with Significant Control

Mr Abid Zafar

75–100% shares

British · England · Age 36

47, Rickmansworth Road, Watford, WD18 7HS

Notified 09/05/2018

CompanyRankvs 141708+ SIC 82990 peers
32

Financial strength3th percentile among SIC peers · 1/25
Employees40th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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141708Gadget Exchange Ltd
32
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.

Employees6/15 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.

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

Key FinancialsYear ending 31/05/2024

Net Worth

-£113k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£25k

Working capital

Current Assets

£11k

Current Liabilities

£36k

Fixed Assets

£121

1avg. employees

Director Loans

Company owes directors£4k

Balance Sheet

Assets less current liabilities-£25k
Signed by Mr Abid Zafar 12 February 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.31+£294
20230.33-£193k
20221.19+£24k
20211.52+£0
20211.52+£32k
20203.43+£12k
201925.91—

Derived from filed accounts. Not audited figures.