Back to search

Monese Finance Ltd

12117096

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

EAGLE HOUSE, LONDON, EC1V 1NR
Incorporated 23/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64921
64921
64929
64929
65120
Non-life insurance
66220
Activities of insurance agents and brokers

Officers

Mr Virraj Bharatkumar Jatania

director · Since 23/01/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 3 other boards

Persons with Significant Control

Monese Ltd

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

85, Great Portland Street, London, W1W 7LT

Reg: 08720992 · England · Private Company Limited By Shares

Notified 23/07/2019

Charges0 outstanding

Charge
satisfied

KREOS CAPITAL VI (UK) LIMITED

Created 13/03/2020Registered 16/03/2020Satisfied 03/08/2023

CompanyRankvs 808+ SIC 64921 peers
20

Financial strength7th percentile among SIC peers · 2/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
How is this score calculated?
Financial strength2/25 pts

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

Employees4/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

other matters as set forth in note 2.2, indicate that material uncertainties exists that may cast significant doubt on the on the group's ability to provide support to the company to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the pr

Key FinancialsYear ending 31/12/2023

Net Worth

-£110k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£110k

Working capital

Current Assets

£17k

Current Liabilities

£127k

Debtors

£16k

0avg. employees

Balance Sheet

Assets less current liabilities-£110k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20230.13-£119k
20222.96+£6k
20203.56

Derived from filed accounts. Not audited figures.