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Arete Merch Ltd

11542105

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)
  • Going concern doubt noted in accounts (-10)

Details

APARTMENT 49 NIGHTINGALE HOUSE, NOTTINGHAM, NG3 6AT
Incorporated 29/08/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Oluwakorede Ayomide Odumade

director · Since 29/08/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 29

Persons with Significant Control

Mr Oluwakorede Ayomide Odumade

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

British · England · Age 29

Apartment 49 Nightingale House, Ockbrook Drive, Nottingham, NG3 6AT

Notified 29/08/2018

CompanyRankvs 77198+ SIC 47910 peers
24

Financial strength7th percentile among SIC peers · 2/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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77198Arete Merch Ltd
29
How is this score calculated?
Financial strength2/25 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.

Liquidity6/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

cash flow pressures and has outstanding liabilities at the balance sheet date. Accordingly, a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern. Revenue from sale of goods Turnover from the sale of

Key FinancialsYear ending 31/08/2024

Net Worth

-£27k

Balance sheet strength

Cash

£18k

Cash in the bank

Net Current Assets

-£13k

Working capital

Current Assets

£19k

Current Liabilities

£32k

0avg. employees

Balance Sheet

Assets less current liabilities-£13k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.58-£8k
20230.50-£6k
20221.58-£3k
20211.45-£22k
20202.24+£13k
20190.66—

Derived from filed accounts. Not audited figures.