Patel’S Properties Ltd
12279972
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Pritesh Patel
British · United Kingdom · Age 57
26, Rosedene Avenue, Leicester, LE4 8HR
Notified 24/10/2019
Miss Ashley Patel
British · United Kingdom · Age 33
26, Rosedene Avenue, Leicester, LE4 8HR
Notified 24/10/2019
Charges2 outstanding
CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES
KENSINGTON MORTGAGE COMPANY LIMITED
PARAGON BANK PLC
CompanyRankvs 56355+ SIC 68100 peers32
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 31/10/2024
Net Worth
£7k
Balance sheet strength
Cash
£10k
Cash in the bank
Net Current Assets
-£50k
Working capital
Current Assets
£11k
Current Liabilities
£61k
Fixed Assets
£261k
Debtors
£1k
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.18 | +£2k |
| 2023 | 0.15 | +£2k |
| 2022 | 0.12 | +£4k |
| 2021 | 0.04 | — |
| 2020 | 0.14 | — |
Derived from filed accounts. Not audited figures.