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Mystic Lounge Tattoo Ltd

12073492

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

CHILTERN CHAMBERS ST. PETERS AVENUE, READING, RG4 7DH
Incorporated 27/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

86900
Other human health activities

Officers

Mr Giacomo Colangelo

director · Since 27/06/2019

COMPANY DIRECTOR

ITALIAN · ENGLAND · Age 54

Persons with Significant Control

Mr Giacomo Colangelo

25–50% shares

Italian · England · Age 54

Chiltern Chambers, St. Peters Avenue, Reading, RG4 7DH

Notified 24/07/2021

Former PSCs

Justyna Ewa Colangelo

Ceased 20/01/2026

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 08/10/2025Registered 09/10/2025

CompanyRankvs 50690+ SIC 86900 peers
22

Financial strength5th percentile among SIC peers · 1/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.75× · 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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50690Mystic Lounge Tattoo Ltd
37
How is this score calculated?
Financial strength1/25 pts

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

Employees13/15 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

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 The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/06/2025

Net Worth

-£20k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£12k

Working capital

Current Assets

£34k

Current Liabilities

£46k

Fixed Assets

£9k

Debtors

£32k

4avg. employees

Tax at Year End

Corp tax£1k
VAT£4k

Director Loans

Company owes directors£449
Directors owe company£11k

Balance Sheet

Assets less current liabilities-£3k
Signed by Mr Giacomo Colangelo 25/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.75+£0£76k
20250.75-£16k£76k
20240.99-£32k£9k
20231.71-£20k£8k
20222.72+£37k—
20210.95——

Derived from filed accounts. Not audited figures.