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E-Rides Group Limited

12277958

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

UNIT 21 GREENWICH CENTRE BUSINESS PARK, LONDON, SE10 9QF
Incorporated 23/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Yingjun Chen

director · Since 23/10/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Afeez Damilola Kolawole-Alade

director · Since 06/11/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Persons with Significant Control

Yingjun Chen

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

British · England · Age 42

Unit 21, Greenwich Centre Business Park, London, SE10 9QF

Notified 23/10/2019

Afeez Damilola Kolawole-Alade

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

British · England · Age 45

Unit 21, Greenwich Centre Business Park, London, SE10 9QF

Notified 06/11/2019

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 06/01/2022Registered 07/01/2022

CompanyRankvs 4756+ SIC 47640 peers
15

Financial strength2th percentile among SIC peers · 1/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.36× · 2/20
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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34
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.

Employees10/15 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

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 conc

Key FinancialsYear ending 31/10/2025

Net Worth

-£173k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£189k

Working capital

Current Assets

£105k

Current Liabilities

£294k

Fixed Assets

£23k

Debtors

£34k

2avg. employees

Balance Sheet

Intangible assets£5k
Assets less current liabilities-£166k
Signed by Ms Yingjun Chen 29/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.36-£354k
20240.44-£12k
20230.45—

Derived from filed accounts. Not audited figures.