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Novex Industries Limited

11747902

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

1ST FLOOR, ADHAN HOUSE 52A, BLACKBURN, BB2 6AH
Incorporated 03/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Mustaq Ahmed Ismail Patel

director · Since 31/01/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 22 other boards

Persons with Significant Control

Mr Mustaq Ahmed Ismail Patel

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

British · United Kingdom · Age 53

1st Floor, Adhan House 52a, Preston New Road, Blackburn, BB2 6AH

Notified 31/01/2019

Former PSCs

Woodberry Secretarial Limited

Ceased 31/01/2019

Charges3 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 02/02/2023Registered 06/02/2023
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 02/02/2023Registered 06/02/2023
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 27/08/2021Registered 02/09/2021
Charge
satisfied

CAMBRIDGE & COUNTIES BANK LIMITED

Created 05/08/2020Registered 08/08/2020Satisfied 11/11/2024
Charge
satisfied

CAMBRIDGE & COUNTIES BANK LIMITED

Created 20/03/2020Registered 27/03/2020Satisfied 11/11/2024

CompanyRankvs 18849+ SIC 68209 peers
66

Financial strength100th percentile among SIC peers · 25/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.67× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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18849Novex Industries Limited
76
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.

Employees9/15 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.

Longevity7/15 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 31/10/2023

Net Worth

£12.2M

Balance sheet strength

Cash

£260k

Cash in the bank

Net Current Assets

£757k

Working capital

Current Assets

£1.2M

Current Liabilities

£453k

Debtors

£949k

1avg. employees

Tax at Year End(2020)

Corp tax£24k

Balance Sheet

Assets less current liabilities£21.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20232.67+£1.2M
20221.96-£8k
20210.52+£3.2M

Derived from filed accounts. Not audited figures.