Used Office Furniture Company Ltd
11985312
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/05/2019
SALESMAN
BRITISH · UNITED KINGDOM · Age 72
Also on 1 other board
Persons with Significant Control
Mr Gordon Simpson
British · United Kingdom · Age 72
5, Priors Acre, Chichester, PO18 0ER
Notified 08/05/2019
CompanyRankvs 239+ SIC 46650 peers58
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/05/2025
Net Worth
£23k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£2k
Working capital
Current Assets
£87k
Current Liabilities
£89k
Fixed Assets
£25k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.98 | +£0 |
| 2025 | 0.98 | +£21k |
| 2024 | 0.78 | — |
| 2023 | 1.08 | — |
| 2022 | 1.32 | +£9k |
| 2021 | 2.42 | -£15k |
| 2020 | 1.50 | — |
Derived from filed accounts. Not audited figures.