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Ready4life Limited

11458244

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

LOWER GORNAL YOUTH CENTRE TEMPLE STREET, DUDLEY, DY3 2PE
Incorporated 10/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

88990
Other social work activities without accommodation

Officers

Mr Sajid Rehman

director · Since 10/07/2018

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 1 other board

Mr Abdul Daim Hamed

director · Since 01/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 6 other boards

Persons with Significant Control

Mr Sajid Rehman

25–50% shares
25–50% votes

British · England · Age 42

Lower Gornal Youth Centre, Temple Street, Dudley, DY3 2PE

Notified 10/07/2018

Mr Abdul Daim Hamed

25–50% shares
25–50% votes

British · England · Age 46

Lower Gornal Youth Centre, Temple Street, Dudley, DY3 2PE

Notified 01/02/2020

Former PSCs

Mr Abdul Daim Hamed

Ceased 13/06/2019

CompanyRankvs 1696+ SIC 88990 peers
75

Financial strength71th percentile among SIC peers · 18/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 7.09× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1696Ready4life Limited
74
How is this score calculated?
Financial strength18/25 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.

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

Key FinancialsYear ending 31/07/2023

Net Worth

£12k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£25k

Working capital

Current Assets

£29k

Current Liabilities

£4k

Fixed Assets

£13k

28avg. employees

Balance Sheet

Assets less current liabilities£38k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20237.09-£17k
20220.29+£27k
202146.81—

Derived from filed accounts. Not audited figures.