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Novelty Holdings Ltd

12608448

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

MAGNOLIA HOUSE, SPRING VILLA PARK,, EDGWARE,, HA8 7EB
Incorporated 18/05/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68100
Buying and selling of own real estate

Officers

Mr Anik Suryakant Patel

director · Since 18/05/2020

PHARMACIST

BRITISH · ENGLAND · Age 35

Also on 1 other board

Krupa Patel

director · Since 18/05/2020

PHARMACIST

BRITISH · ENGLAND · Age 36

Persons with Significant Control

Mr Anik Suryakant Patel

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

British · England · Age 35

Magnolia House,, Spring Villa Park,, Edgware,, HA8 7EB

Notified 18/05/2020

Krupa Patel

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

British · England · Age 36

Magnolia House,, Spring Villa Park,, Edgware,, HA8 7EB

Notified 18/05/2020

CompanyRankvs 63937+ SIC 41100 peers
34

Financial strength14th percentile among SIC peers · 4/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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63937Novelty Holdings Ltd
34
How is this score calculated?
Financial strength4/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees7/15 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.

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 31/05/2025

Net Worth

-£15k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£68k

Working capital

Current Assets

£4k

Current Liabilities

£71k

Fixed Assets

£467k

1avg. employees+1

Balance Sheet

Assets less current liabilities£399k
Signed by Mr Anik Patel 25 November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05+£5k
202413.06-£2k
20230.62—

Derived from filed accounts. Not audited figures.