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720 Records Ltd

12893919

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

12893919 - COMPANIES HOUSE DEFAULT ADDRESS, CARDIFF, CF14 8LH
Incorporated 21/09/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr David Akorede Sonubi

director · Since 21/09/2020

DIRECTOR

BRITISH · ENGLAND · Age 32

Also on 5 other boards

Mr Joseph Sonubi

director · Since 21/09/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Persons with Significant Control

Mr David Akorede Sonubi

25–50% shares

British · England · Age 32

20-22, Wenlock Road, London, N1 7GU

Notified 21/09/2020

Mr Joseph Sonubi

25–50% shares

British · United Kingdom · Age 33

20-22, Wenlock Road, London, N1 7GU

Notified 21/09/2020

CompanyRankvs 6407+ SIC 59200 peers
53

Financial strength57th percentile among SIC peers · 14/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength14/25 pts

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

Employees12/15 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 30/09/2022

Net Worth

£571

Balance sheet strength

Cash

£183

Cash in the bank

Net Current Assets

-£218

Working capital

Current Assets

£5k

Current Liabilities

£5k

Fixed Assets

£789

Debtors

£5k

2avg. employees

Tax at Year End

Corp tax£2k

Director Loans

Directors owe company£5k

Balance Sheet

Assets less current liabilities£571
Signed by Mr David Sonubi 03/05/2023Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20220.96
20210.83

Derived from filed accounts. Not audited figures.