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Paradise Way Limited

12790583

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

44 ABBEYDALE ROAD SOUTH, SHEFFIELD, S7 2QN
Incorporated 04/08/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Mehmood Alam

director · Since 04/08/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 1 other board

Mrs Sidra Choudhry

director · Since 04/08/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Persons with Significant Control

Mrs Sidra Choudhry

25–50% shares
25–50% votes

British · United Kingdom · Age 42

44, Abbeydale Road South, Sheffield, S7 2QN

Notified 04/08/2020

Mr Mehmood Alam

25–50% shares
25–50% votes

British · United Kingdom · Age 48

44, Abbeydale Road South, Sheffield, S7 2QN

Notified 04/08/2020

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 31/01/2025Registered 04/02/2025
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 30/04/2021Registered 04/05/2021

CompanyRankvs 272525+ SIC 68209 peers
18

Financial strength19th percentile among SIC peers · 5/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength5/25 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.

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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/08/2024

Net Worth

-£3k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£51k

Working capital

Current Assets

£7k

Current Liabilities

£58k

Fixed Assets

£119k

Balance Sheet

Assets less current liabilities£68k
Signed by Mr Mehmood Alam 1 November 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.13-£245
20230.18-£4k
20220.02
20210.15

Derived from filed accounts. Not audited figures.