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Ratnam Projects Ltd

12381009

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)
  • Current liabilities exceed current assets (-10)

Details

71-75 SHELTON STREET, LONDON, WC2H 9JQ
Incorporated 30/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47781
Retail sale in commercial art galleries

Officers

Mr Niruban Sudharshan Ratnam

director · Since 30/12/2019

ART DEALER

BRITISH · UNITED KINGDOM · Age 54

Persons with Significant Control

Mr Niruban Sudharshan Ratnam

25–50% shares
25–50% votes

British · United Kingdom · Age 54

71-75 Shelton Street, Covent Garden, London, WC2H 9JQ

Notified 30/12/2019

Mr Richard Hugo Dilsmore Griffiths

25–50% shares
25–50% votes

British · England · Age 71

Ground Floor, 45 Pall Mall, London, SW1Y 5JG

Notified 04/02/2020

CompanyRankvs 1388+ SIC 47781 peers
40

Financial strength6th percentile among SIC peers · 2/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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1388Ratnam Projects Ltd
36
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.

Employees11/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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.

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

Key FinancialsYear ending 30/06/2024

Net Worth

-£90k

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

-£83k

Working capital

Current Assets

£257k

Current Liabilities

£340k

Fixed Assets

£16k

Debtors

£224k

2avg. employees

Tax at Year End

Corp tax£102k

Balance Sheet

Bank loans & overdrafts£3k
Assets less current liabilities-£67k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20240.76
20231.06
20221.15

Derived from filed accounts. Not audited figures.