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Buzz Apparel Ltd

11686874

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

1 RADIAN COURT, MILTON KEYNES, MK5 8PJ
Incorporated 20/11/2018

Compliance

Last accounts

31/12/2023

full

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 01/10/2023

Due 15/10/2024

Overdue

Industry

46420
Wholesale of clothing and footwear

Officers

Mr Terry Grossman

director · Since 20/11/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 75

Mr Darren Ellis Cooper

director · Since 21/01/2019

SALES DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 5 other boards

Persons with Significant Control

Former PSCs

Mr Darren Ellis Cooper

Ceased 01/10/2020

Mr Terry Grossman

Ceased 01/10/2020

Insolvency History1 case

members voluntary liquidation03/07/2024

Franklyn Ofonagoro (practitioner) · Gareth David Wilcox (practitioner)

CompanyRankvs 15+ SIC 46420 peers
23

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 5.61× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -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.

Employees0/15 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

Going concern doubt: -10 pts

Insolvency history: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2023

Turnover

£51.1M

Annual revenue

Net Worth

£35.2M

Balance sheet strength

Cash

£21.6M

Cash in the bank

Profit Before Tax

£37.8M

Bottom line earnings

Net Current Assets

£35.2M

Working capital

Current Assets

£42.9M

Current Liabilities

£7.6M

Fixed Assets

£4k

Debtors

£21.3M

Cost of Sales

£33.2M

Gross Profit

£17.9M

Admin Expenses

£911k

Operating Profit

£36.1M

Profit After Tax

£33.6M

3avg. employees

Tax at Year End

Corp tax£4.1M
Dividends paid£4.0M

People Costs

Wages & salaries£583k
NI contributions£78k

Balance Sheet

Bank loans & overdrafts£4k
Assets less current liabilities£35.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20235.61

Derived from filed accounts. Not audited figures.