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Olasfem Ltd

12951353

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

1A CROWNFIELD AVENUE, ILFORD, IG2 7RW
Incorporated 14/10/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41201
Construction of commercial buildings
41202
Construction of domestic buildings
43110
Demolition
78109
Other activities of employment placement agencies

Officers

Oluwafemi Adedoyin Somefun

director · Since 14/10/2020

DIRECTOR

NIGERIAN · UNITED KINGDOM · Age 44

Persons with Significant Control

Oluwafemi Adedoyin Somefun

75–100% shares

Nigerian · United Kingdom · Age 44

1a, Crownfield Avenue, Ilford, IG2 7RW

Notified 14/10/2020

CompanyRankvs 9922+ SIC 41201 peers
64

Financial strength73th percentile among SIC peers · 18/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.62× · 16/20
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 strength18/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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 30/04/2025

Net Worth

£33k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£77k

Current Liabilities

£48k

Fixed Assets

£4k

2avg. employees

Balance Sheet

Assets less current liabilities£33k
Signed by 1.5.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20251.62+£11k
20241.71

Derived from filed accounts. Not audited figures.