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Providence Bay Restaurants Ltd

11901383

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

PEARL ASSURANCE HOUSE 319, LONDON, N12 8LY
Incorporated 23/03/2019

Compliance

Last accounts

31/03/2023

unaudited abridged

Next accounts due

31/12/2024

Overdue

Confirmation statement

Last: 22/03/2024

Due 05/04/2025

Overdue

Industry

56101
Licensed restaurants

Officers

Mrs Wendy Jane Reddy

secretary · Since 23/03/2019

Mr Aidan Sze Yuen Tjinakiet

director · Since 23/03/2019

DIRECTOR

IRISH · ENGLAND · Age 39

Also on 4 other boards

Persons with Significant Control

Mr Aidan Sze Yuen Tjinakiet

25–50% shares
25–50% votes

Irish · England · Age 39

Pearl Assurance House 319, Ballards Lane, London, N12 8LY

Notified 23/03/2019

Former PSCs

Mrs Wendy Jane Reddy

Ceased 18/03/2024

Charges1 outstanding

Charge
outstanding

SHOEMAKER LP ACTING BY ITS GENERAL PARTNER SHOEMAKER GP LIMITED

Created 17/08/2020Registered 20/08/2020

Insolvency History1 case

creditors voluntary liquidation12/09/2024

Stephen Mark Katz (practitioner) · Asher Miller (practitioner)

CompanyRankvs 15+ SIC 56101 peers
0

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 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.

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.

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

Insolvency history: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc

Key FinancialsYear ending 31/03/2023

Net Worth

-£167k

Balance sheet strength

Cash

£18k

Cash in the bank

Net Current Assets

-£278k

Working capital

Current Assets

£540k

Current Liabilities

£818k

Fixed Assets

£582k

Debtors

£437k

48avg. employees

Balance Sheet

Intangible assets£31k
Assets less current liabilities£304k
Signed by Mr Aidan Sze Yuen Tjinakiet 30/03/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.66

Derived from filed accounts. Not audited figures.