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Payless Food Cash And Carry Ltd

11925468

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

117 WHARF STREET NORTH, LEICESTER, LE1 2AD
Incorporated 04/04/2019

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 05/11/2025

Due 19/11/2026

On track

Industry

47290
Other retail sale of food in specialised stores

Officers

Mr Idiris Hussein Sheik

director · Since 01/07/2019

BUSINESSMAN

SWEDISH · ENGLAND · Age 32

Mr Husein Shikh Rage

director · Since 01/10/2020

BUSINESSMAN

SWEDISH · UNITED KINGDOM · Age 73

Also on 4 other boards

Persons with Significant Control

Mr Idiris Hussein Sheik

ownership-of-shares-75-to-100-percent-as-trust
75–100% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm
significant-influence-or-control-as-firm

Swedish · England · Age 32

117, Wharf Street North, Leicester, LE1 2AD

Notified 01/07/2019

Mr Hussain Rage

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

Swedish · England · Age 73

117, Wharf Street North, Leicester, LE1 2AD

Notified 01/10/2020

Former PSCs

Dr Abdulkadir Hussein Sheik

Ceased 01/07/2019

CompanyRankvs 6741+ SIC 47290 peers
26

Financial strength6th percentile among SIC peers · 2/25
Employees13th percentile among SIC peers · 2/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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6741Payless Food Cash And Carry Ltd
26
How is this score calculated?
Financial strength2/25 pts

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

Employees2/15 pts

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

Liquidity0/20 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 30/04/2024

Net Worth

-£67k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£25k

Working capital

Current Assets

—

Current Liabilities

£29k

0avg. employees

Balance Sheet

Bank loans & overdrafts£42k
Assets less current liabilities-£25k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
2024—+£2k
2023—-£820
2022—-£118k
20210.32+£63k

Derived from filed accounts. Not audited figures.