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Germinate Corp Ltd

11846550

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

103 WIGHAY ROAD, LINBY, NG15 8AH
Incorporated 25/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56290
Other food service activities

Officers

Mr Surendra Nath Munagala

director · Since 25/02/2019

ENGINEER

BRITISH · UNITED KINGDOM · Age 43

Also on 4 other boards

Mr Sharath Babu Tatineni

director · Since 25/02/2019

SOFTWARE TESTER

BRITISH · UNITED KINGDOM · Age 42

CompanyRankvs 19547+ SIC 56290 peers
25

Financial strength2th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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19547Germinate Corp Ltd
25
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.

Employees0/15 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.

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 28/02/2025

Net Worth

-£143k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£161k

Working capital

Current Assets

£10k

Current Liabilities

£171k

Fixed Assets

£67k

Balance Sheet

Assets less current liabilities-£94k
Signed by Mr Surendra Nath Munagala Mr Sharath Babu Tatineni 19/11/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.06-£180
20240.06-£180
20230.06-£9k
20220.07-£22k
20210.20-£50k
20200.10—

Derived from filed accounts. Not audited figures.