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Jithesh Retail Ltd

12948720

active
Private 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)
  • Current liabilities exceed current assets (-10)

Details

2 WHITLEY PLACE, WHITLEY BAY, NE25 0NA
Incorporated 13/10/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Loganathan Duraisamy

director · Since 13/10/2020

GENERAL MANAGER

INDIAN · UNITED KINGDOM · Age 41

Also on 2 other boards

Mrs Priya Pichaimuthu

director · Since 25/02/2023

MANAGER

INDIAN · UNITED KINGDOM · Age 38

Also on 1 other board

Persons with Significant Control

Mr Loganathan Duraisamy

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

Indian · United Kingdom · Age 41

2, Whitley Place, Whitley Bay, NE25 0NA

Notified 13/10/2020

CompanyRankvs 13602+ SIC 47110 peers
45

Financial strength32th percentile among SIC peers · 8/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.38× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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13602Jithesh Retail Ltd
44
How is this score calculated?
Financial strength8/25 pts

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

Employees14/15 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 31/10/2024

Net Worth

£423

Balance sheet strength

Cash

£72k

Cash in the bank

Net Current Assets

-£379k

Working capital

Current Assets

£233k

Current Liabilities

£611k

Fixed Assets

£379k

Debtors

£14k

13avg. employees+1

Tax at Year End

Corp tax£426
VAT£22k

Director Loans

Company owes directors£269k

Balance Sheet

Intangible assets£239k
Assets less current liabilities£423
Signed by Mr Loganathan Duraisamy 31/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.38—£443k
20230.43-£15k£128k
20221.17—£128k

Derived from filed accounts. Not audited figures.