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Solex Paints Ltd

11562001

active
ltd
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

Unit 7 Bankside, The Watermark, Gateshead, NE11 9SY
Incorporated 10/09/2018

Compliance

Last accounts

29/09/2024

micro entity

Next accounts due

26/06/2026

On track

Confirmation statement

Last: 03/09/2025

Due 17/09/2026

On track

Industry

46900
Non-specialised wholesale trade

Officers

Rakesh Kumar

director · Since 10/09/2018

British · United Kingdom · Age 69

Persons with Significant Control

Mr Rakesh Kumar

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

British · United Kingdom · Age 69

Flannagans Accountants, Unit 7, The Watermark, Gateshead, NE11 9SY

Notified 10/09/2018

Change History

statusactive
2026-06-10

Active

typeltd
2026-06-10

Private Limited Company

address line1Unit 7 Bankside
2026-06-10

CLAVERING HOUSE

post townGateshead
2026-06-10

NEWCASTLE UPON TYNE

postcodeNE11 9SY
2026-06-10

NE1 3NG

CompanyRankvs 8906+ SIC 46900 peers
60

Financial strength56th percentile among SIC peers · 14/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 1.92× · 16/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength14/25 pts

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

Employees7/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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 30/09/2025

Net Worth

£6k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£31k

Working capital

Current Assets

£65k

Current Liabilities

£34k

1avg. employees

Balance Sheet

Assets less current liabilities£31k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.92+£12k
20241.47
20231.93

Derived from filed accounts. Not audited figures.