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Truth Apparel Limited

12410952

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

TRINITY HOUSE, BIRMINGHAM, B1 1QH
Incorporated 17/01/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

13300
Finishing of textiles

Officers

Mr Sunit Parmar

director · Since 17/01/2020

MANAGER

BRITISH · ENGLAND · Age 47

Also on 4 other boards

Persons with Significant Control

Mrs Bijal Parmar

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

British · England · Age 45

Trinity House, 28-30 Blucher Street, Birmingham, B1 1QH

Notified 17/01/2020

Mr Sunit Parmar

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

British · England · Age 47

Trinity House, 28-30 Blucher Street, Birmingham, B1 1QH

Notified 17/01/2020

CompanyRankvs 15+ SIC 13300 peers
23

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.04× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees0/15 pts

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

Liquidity12/20 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

and its customers alike. The uncertainty and challenges therefore indicates the existence of material uncertainty that may cast significant doubt upon the entity's ability to continue trading as a going concern should the facilities be made unavailable. Under such circumstances, the entity will be unable to realise its assets and discharge its liabilities in the ordinary course of business.Depsite

Key FinancialsYear ending 31/01/2021

Net Worth

£5k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£740k

Current Liabilities

£710k

Debtors

£406k

58avg. employees

Balance Sheet

Assets less current liabilities£30k
Prepared with Sage Accounts Production 2020 Update 1 - FRS102_2019

EstimatesDerived

YearCurrent Ratio
20211.04

Derived from filed accounts. Not audited figures.