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Snack Creations Ltd

11724356

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

1 BROOK ROAD BROADLAND BUSINESS PARK, NORWICH, NR7 0FD
Incorporated 12/12/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

10890
Manufacture of other food products

Officers

Mr Simon Milton Webber

director · Since 12/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 1 other board

Mr Gordon James Chetwood

director · Since 16/09/2022

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 3 other boards

Andrew James Gunton

director · Since 16/09/2022

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 3 other boards

Persons with Significant Control

Milton Webber Ltd

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

Pasta Foods Limited, Forest Way, Norwich, NR5 0JH

Reg: 12577710 · England And Wales · Private Limited Company By Shares

Notified 14/05/2020

Former PSCs

Mr Simon Milton Webber

Ceased 14/05/2020

Charges6 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 31/10/2022Registered 02/11/2022
Charge
outstanding

HSBC UK BANK PLC

Created 23/09/2022Registered 03/10/2022
Charge
outstanding

HSBC BANK PLC

Created 23/09/2022Registered 03/10/2022
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 23/09/2022Registered 29/09/2022
Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 23/09/2022Registered 29/09/2022
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 23/09/2022Registered 29/09/2022
Charge
satisfied

SANTANDER UK PLC (COMANY NUMBER: 02294747)

Created 19/04/2022Registered 20/04/2022Satisfied 05/10/2022
Charge
satisfied

LEUMI ABL LIMITED

Created 07/02/2019Registered 15/02/2019Satisfied 04/11/2022
Charge
satisfied

SANTANDER UK PLC

Created 07/02/2019Registered 11/02/2019Satisfied 05/10/2022

CompanyRankvs 437+ SIC 10890 peers
55

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.31× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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

Outstanding charges: -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 31/10/2023

Net Worth

£6.5M

Balance sheet strength

Cash

£1.9M

Cash in the bank

Profit Before Tax

£675k

Bottom line earnings

Net Current Assets

£3.0M

Working capital

Current Assets

£12.5M

Current Liabilities

£9.5M

Fixed Assets

£8.8M

Debtors

£5.8M

Cost of Sales

£20.8M

Admin Expenses

£1.9M

Profit After Tax

£662k

105avg. employees

People Costs

Wages & salaries£4.3M

Balance Sheet

Bank loans & overdrafts£4.7M
Assets less current liabilities£11.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20231.31

Derived from filed accounts. Not audited figures.