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Truly Happy Products Ltd

11777358

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

48 HOLLANDS WAY, EAST GRINSTEAD, RH19 3EN
Incorporated 21/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Nicholas Newman

director · Since 21/01/2019

MANAGING DIRECTOR

ENGLISH · UNITED KINGDOM · Age 51

Also on 1 other board

Mrs Sophia Newman

director · Since 21/01/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Persons with Significant Control

Mrs Sophia Newman

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 41

48, Hollands Way, East Grinstead, RH19 3EN

Notified 21/01/2019

Mr Nicholas Newman

25–50% shares
25–50% votes
Appoint directors

English · United Kingdom · Age 51

48, Hollands Way, East Grinstead, RH19 3EN

Notified 21/01/2019

CompanyRankvs 53006+ SIC 47910 peers
41

Financial strength4th percentile among SIC peers · 1/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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53006Truly Happy Products Ltd
37
How is this score calculated?
Financial strength1/25 pts

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

Employees12/15 pts

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

Liquidity6/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£49k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£4k

Working capital

Current Assets

£80k

Current Liabilities

£83k

Fixed Assets

£10k

Debtors

£500

2avg. employees

Tax at Year End

VAT-£314

Balance Sheet

Bank loans & overdrafts£56k
Assets less current liabilities£7k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20250.96-£86k
20241.29+£16k
20232.84+£51k
20220.76-£99k
20210.63—

Derived from filed accounts. Not audited figures.