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2nd City Finance Ltd

13055699

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

ADVANTAGE HOUSE STOWE COURT, LICHFIELD, WS13 6AQ
Incorporated 02/12/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66190
Other activities auxiliary to financial services

Officers

Mr Michael Daniel Edmunds

director · Since 02/12/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 3 other boards

Persons with Significant Control

Mr Michael Daniel Edmunds

75–100% shares

British · England · Age 38

Advantage House, Stowe Court, Lichfield, WS13 6AQ

Notified 02/12/2020

Former PSCs

Mr Jason Samuel Shelley

Ceased 20/01/2021

CompanyRankvs 1419+ SIC 66190 peers
71

Financial strength71th percentile among SIC peers · 18/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.07× · 20/20
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.

Employees12/15 pts

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

Liquidity20/20 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 31/12/2024

Net Worth

£36k

Balance sheet strength

Cash

£62k

Cash in the bank

Net Current Assets

£33k

Working capital

Current Assets

£63k

Current Liabilities

£31k

Fixed Assets

£4k

Debtors

£1k

3avg. employees

Tax at Year End(2022)

Corp tax£28k

Director Loans(2022)

Company owes directors£224

Balance Sheet

Assets less current liabilities£37k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.07-£6k
20232.14-£33k
20223.53+£33k
20212.75

Derived from filed accounts. Not audited figures.