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Picaddily Courier Services Ltd

11897704

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)
  • Going concern doubt noted in accounts (-10)

Details

PICCADILLY BUSINESS CENTRE, MANCHESTER, M12 6AE
Incorporated 21/03/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Chaudhary Zain Raza

director · Since 05/07/2024

Pakistani

Former

Jan Bajza

director · Resigned 05/07/2024

Mohamadrafiq Abdulmajid Fadal

director · Resigned 30/04/2020

Halima Younis

director · Resigned 30/04/2019

CompanyRankvs 282610+ SIC 49410 peers
30

Financial strength2th percentile among SIC peers · 1/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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28261Picaddily Courier Services Ltd
40
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.

Employees15/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 31/03/2025

Net Worth

-£66k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£1.3M

Working capital

Current Assets

£125k

Current Liabilities

£1.5M

Fixed Assets

£1.3M

Debtors

£85k

30avg. employees

Balance Sheet

Intangible assets£181k
Assets less current liabilities-£66k
Signed by Mr C Raza,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.08

Derived from filed accounts. Not audited figures.