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Lab Furniture Limited

11429094

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

LAB FURNITURE, HULL, HU7 0AW
Incorporated 22/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Geoffrey Lound

director · Since 02/03/2020

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 4 other boards

Mr Richard High

director · Since 21/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 44

Mr Christopher Lound

director · Since 21/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 31

Persons with Significant Control

Mr Simon William Lunt

75–100% shares
75–100% votes
Appoint directors

British · England · Age 74

19, Cave Road, Brough, HU15 1HA

Notified 22/06/2018

Charges1 outstanding

Charge
outstanding

SWL FINANCE LIMITED

Created 16/05/2019Registered 16/05/2019

CompanyRankvs 2038+ SIC 31090 peers
47

Financial strength1th percentile among SIC peers · 0/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.45× · 20/20
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 strength0/25 pts

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

Employees14/15 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 30/11/2024

Net Worth

-£299k

Balance sheet strength

Cash

£43k

Cash in the bank

Net Current Assets

£331k

Working capital

Current Assets

£466k

Current Liabilities

£135k

Fixed Assets

£221k

Debtors

£254k

18avg. employees+1

Tax at Year End(2021)

VAT£39k

Balance Sheet

Assets less current liabilities£552k
Signed by Mr Geoffrey Lound 29 August 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20243.45-£325k
20234.33+£17k
20223.70+£63k
20211.39-£106k£787k
20201.79+£4k£787k
20191.69£278k

Derived from filed accounts. Not audited figures.