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Forever New Clothing Uk Limited

12060160

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

THE LOOM 4TH FLOOR, LONDON, E1 8PY
Incorporated 19/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46420
Wholesale of clothing and footwear
47710
Retail sale of clothing in specialised stores
47721
47721
47722
47722

Officers

Mr Tarun Goenka

director · Since 06/10/2023

MANAGING DIRECTOR

AUSTRALIAN · UNITED KINGDOM · Age 30

Also on 2 other boards

Charges1 outstanding

Charge
outstanding

COMMONWEALTH BANK OF AUSTRALIA AS SECURED PARTY

Created 14/12/2023Registered 15/12/2023

CompanyRankvs 4773+ SIC 46420 peers
26

Financial strength41th percentile among SIC peers · 10/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.67× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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4773Forever New Clothing Uk Limited
42
How is this score calculated?
Financial strength10/25 pts

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

Employees8/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g

Key FinancialsYear ending 30/06/2025

Net Worth

£100

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£414k

Bottom line earnings

Net Current Assets

-£2.2M

Working capital

Current Assets

£5.4M

Current Liabilities

£8.1M

Fixed Assets

£149k

Debtors

£1.9M

Cost of Sales

£4.0M

Admin Expenses

£7.3M

Profit After Tax

£403k

1avg. employees

People Costs

Wages & salaries£1.6M

Balance Sheet

Intangible assets£96k
Assets less current liabilities-£1.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20250.67
20250.67
20240.72
20230.65
20220.87
20210.62

Derived from filed accounts. Not audited figures.