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Ray Lettings Limited

12937048

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

SOVEREIGN HOUSE, HARROW, HA3 5RF
Incorporated 08/10/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Martin Ray

director · Since 08/10/2020

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 8 other boards

Persons with Significant Control

Mr Martin Ray

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

British · England · Age 56

Sovereign House, Graham Road, Harrow, HA3 5RF

Notified 08/10/2020

Charges1 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 11/06/2021Registered 17/06/2021

CompanyRankvs 198698+ SIC 68209 peers
28

Financial strength46th percentile among SIC peers · 12/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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198698Ray Lettings Limited
37
How is this score calculated?
Financial strength12/25 pts

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

Employees3/15 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 31/10/2024

Net Worth

£395

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£86k

Working capital

Current Assets

£707

Current Liabilities

£86k

Fixed Assets

£319k

0avg. employees

Balance Sheet

Assets less current liabilities£234k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent Ratio
20240.01
20230.01
20220.07
20210.02

Derived from filed accounts. Not audited figures.