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Qasid Ltd

11997315

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

203 LONDON ROAD, BENFLEET, SS7 2RD
Incorporated 15/05/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Dr Syed Qasid Safeer Ahmad

director · Since 15/05/2019

RESEARCH ENGINEER

BRITISH · ENGLAND · Age 37

Also on 1 other board

Persons with Significant Control

Mr Syed Qasid Safeer Ahmad

75–100% shares
75–100% votes
Appoint directors

British · England · Age 37

62, Nantes Close, London, SW18 1SL

Notified 15/05/2019

CompanyRankvs 5635+ SIC 72190 peers
30

Financial strength19th percentile among SIC peers · 5/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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5635Qasid Ltd
36
How is this score calculated?
Financial strength5/25 pts

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

Employees7/15 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.

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

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 Although there is material uncertainty which may cast doubt on the company’s ability to continue as a going concern, the financial statements have been prepared on a going con

Key FinancialsYear ending 31/05/2025

Net Worth

-£829

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£829

Working capital

Current Assets

£4k

Current Liabilities

£5k

Debtors

£177

1avg. employees

Tax at Year End

Corp tax£9k

Director Loans

Company owes directors£4k
Directors owe company£5k

Balance Sheet

Assets less current liabilities-£829
Signed by Dr Syed Qasid Ahmad 5th August 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.83
20241.01
20231.06

Derived from filed accounts. Not audited figures.