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Olimax Property Ltd

12022426

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

926 UXBRIDGE ROAD, HAYES, UB4 0RW
Incorporated 29/05/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Balasubramaniam Balasuresh

director · Since 29/05/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 24 other boards

Persons with Significant Control

Mr Balasubramaniam Balasuresh

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

British · United Kingdom · Age 50

926, Uxbridge Road, Hayes, UB4 0RW

Notified 29/05/2019

Charges4 outstanding

Charge
outstanding

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CompanyRankvs 86473+ SIC 68100 peers
37

Financial strength74th percentile among SIC peers · 19/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength19/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2024

Net Worth

£28k

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

£37k

Current Liabilities

£45k

Fixed Assets

£1.9M

Debtors

£10k

Tax at Year End

Corp tax£4k

Director Loans

Company owes directors£35k

Balance Sheet

Assets less current liabilities£1.9M
Signed by Mr Balasubramaniam Balasuresh 1 November 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81+£16k
20233.03

Derived from filed accounts. Not audited figures.