Residence Ltd
13010882
Healthy
- No accounts filed in last 18 months (-5)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/03/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 33
Also on 1 other board
Persons with Significant Control
Mr Kamaljit Singh Powar
British · United Kingdom · Age 33
12, Rawson Drive, Leicester, LE18 3AF
Notified 11/03/2021
Mrs Sumneek Kaur Powar
English · United Kingdom · Age 31
12, Rawson Drive, Leicester, LE18 3AF
Notified 31/08/2021
Former PSCs
Mrs Kulvinder Powar
Ceased 11/03/2021
Charges1 outstanding
PARAGON BANK PLC
CompanyRankvs 57141+ SIC 68100 peers42
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/11/2024
Net Worth
£14k
Balance sheet strength
Cash
£624
Cash in the bank
Net Current Assets
-£212k
Working capital
Current Assets
£909
Current Liabilities
£213k
Fixed Assets
£331k
Debtors
£285
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.00 | -£1k |
| 2023 | 0.02 | +£8k |
| 2022 | 0.05 | — |
| 2021 | 0.02 | — |
Derived from filed accounts. Not audited figures.