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Mas Optic Limited

12255023

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • 2 outstanding charges (-4)

Details

FRENSHAM FENCER HILL PARK, NEWCASTLE UPON TYNE, NE3 2EA
Incorporated 10/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47782
Retail sale by opticians

Officers

Mr Zagham Sharif

director · Since 22/06/2023

OPTICIAN

BRITISH · UNITED KINGDOM · Age 47

Also on 24 other boards

Persons with Significant Control

Ilharia Holdings Limited

75–100% shares
Appoint directors

Frensham, Fencer Hill Park, Newcastle Upon Tyne, NE3 2EA

Reg: 11227373 · Registrar Of Companies For England And Wales · Private Limited Company

Notified 12/06/2023

Former PSCs

Mr Matthew Adam Specter

Ceased 12/06/2023

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 30/04/2026Registered 08/05/2026
Charge
outstanding

LLOYDS BANK PLC

Created 30/04/2026Registered 06/05/2026

CompanyRankvs 1535+ SIC 47782 peers
22

Financial strength3th percentile among SIC peers · 1/25
Employees44th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.35× · 2/20
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 strength1/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£96k

Balance sheet strength

Cash

£3k

Cash in the bank

Profit Before Tax

-£26k

Bottom line earnings

Net Current Assets

-£78k

Working capital

Current Assets

£42k

Current Liabilities

£119k

Fixed Assets

£7k

Debtors

£8k

Gross Profit

£146k

Operating Profit

-£25k

Profit After Tax

-£28k

2avg. employees-2

People Costs

Wages & salaries£95k
NI contributions£5k

Balance Sheet

Depreciation£3k
Assets less current liabilities-£70k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20240.35-£28k
20230.62-£74k
20222.35-£19k
20212.33+£13k
20202.25

Derived from filed accounts. Not audited figures.