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North London Kitchens Ltd

12257134

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

SCHMIDT KITCHENS, BARNET, EN5 5UJ
Incorporated 11/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46150
Agents involved in the sale of furniture, household goods, hardware and ironmongery

Officers

Mr Babak Alborzi

director · Since 11/10/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 1 other board

Mr Robert James Haynes

director · Since 25/11/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Persons with Significant Control

Mr Babak Alborzi

50–75% shares
50–75% votes
Appoint directors

British · England · Age 67

Schmidt Kitchens, 17 High Street, Barnet, EN5 5UJ

Notified 11/10/2019

Mr Robert James Haynes

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 54

Schmidt Kitchens, 17 High Street, Barnet, EN5 5UJ

Notified 11/10/2019

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 06/01/2020Registered 08/01/2020

CompanyRankvs 1780+ SIC 46150 peers
28

Financial strength1th percentile among SIC peers · 0/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1780North London Kitchens Ltd
37
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 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 31/10/2024

Net Worth

-£265k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£276k

Working capital

Current Assets

£126k

Current Liabilities

£402k

Fixed Assets

£35k

Debtors

£119k

4avg. employees

Tax at Year End

VAT£23k

Balance Sheet

Bank loans & overdrafts£6k
Assets less current liabilities-£242k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.31-£16k£464k
20230.17-£86k£211k
20220.50-£98k£546k
20210.85—£835k

Derived from filed accounts. Not audited figures.