Back to search

Commercis Plc

12425375

active
Public Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

25 CABOT SQUARE, LONDON, E14 4QZ
Incorporated 27/01/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Falak Yussouf

secretary · Since 27/01/2020

Also on 5 other boards

Mr Alan Afrasiab

director · Since 27/01/2020

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 13 other boards

Mr Falak Yussouf

director · Since 27/01/2020

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 5 other boards

Persons with Significant Control

Mr Alan Afrasiab

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

British · England · Age 60

9a, Margaret Street, London, W1W 8RJ

Notified 27/01/2020

CompanyRankvs 20769+ SIC 64209 peers
45

Financial strength69th percentile among SIC peers · 17/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.89× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Bibby Line Group Limited
90
2A H Worth And Company Limited
90
3Lancaster Leisure Limited
90
4Tindle Newspapers Limited
90
5Dukefield Limited
90
6Roberto Bucci (U.K.) Limited
90
7Cullingworth Commercials And Freight Services Limited
90
8Unusual Industries Limited
90
9Thrift Developments Limited
90
10M Investment Group Limited
90
20769Commercis Plc
51
How is this score calculated?
Financial strength17/25 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.

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

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to note 2.4 in the financial statements , which indicates that the Group has made a profit after tax of $1,636,179 and has net current liabilities of ($2,891,943) and net liabilit

Key FinancialsYear ending 31/12/2022

Net Worth

£64k

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

-£110k

Working capital

Current Assets

£891k

Current Liabilities

£1.0M

Fixed Assets

£174k

Debtors

£884k

Profit After Tax

£70k

2avg. employees

Tax at Year End

Dividends paid£50k

Balance Sheet

Intangible assets£157k
Assets less current liabilities£64k
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20220.89+£20k
20211.05-£7k

Derived from filed accounts. Not audited figures.