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On The Latch Ltd

11668129

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

ANNLEY HOUSE BURNHAM ROAD, CHELMSFORD, CM3 6BL
Incorporated 08/11/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Paul Likeman

director · Since 08/11/2018

RETIRED

BRITISH · UNITED KINGDOM · Age 76

Mrs Tina Williams

director · Since 08/11/2018

DRIVING INSTRUCTOR

BRITISH · UNITED KINGDOM · Age 48

Persons with Significant Control

Mrs Tina Williams

25–50% shares
25–50% votes

British · United Kingdom · Age 48

1, Mill Road, Chelmsford, CM3 6EQ

Notified 08/11/2018

Paul Likeman

25–50% shares
25–50% votes

British · United Kingdom · Age 76

1, Mill Road, Chelmsford, CM3 6EQ

Notified 08/11/2018

Charges2 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 12/05/2021Registered 12/05/2021
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 12/05/2021Registered 12/05/2021
Charge
satisfied

MT FINANCE LIMITED

Created 13/05/2020Registered 14/05/2020Satisfied 02/06/2021

CompanyRankvs 20509+ SIC 56101 peers
29

Financial strength25th percentile among SIC peers · 6/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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20509On The Latch Ltd
38
How is this score calculated?
Financial strength6/25 pts

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

Employees8/15 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.

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 28/02/2025

Net Worth

-£9k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£56k

Working capital

Current Assets

£13k

Current Liabilities

£69k

Fixed Assets

£71k

5avg. employees

Balance Sheet

Assets less current liabilities£16k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.19-£39k
20240.48-£4k
20230.60—

Derived from filed accounts. Not audited figures.