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My Textiles Limited

13153702

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 48 THE BRIDGE TRADING ESTATE, SMETHWICK, B66 2BZ
Incorporated 25/01/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Gurdial Singh Suglani

director · Since 25/01/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Mr Ram Lubhaya Suglani

director · Since 25/01/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 9 other boards

Persons with Significant Control

Mr Ram Lubhaya Suglani

25–50% shares
25–50% votes

British · United Kingdom · Age 66

Unit 48 The Bridge Trading Estate, Bridge Street North, Smethwick, B66 2BZ

Notified 25/01/2021

Mr Gurdial Singh Suglani

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Unit 48 The Bridge Trading Estate, Bridge Street North, Smethwick, B66 2BZ

Notified 25/01/2021

CompanyRankvs 15352+ SIC 47190 peers
40

Financial strength20th percentile among SIC peers · 5/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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15352My Textiles Limited
36
How is this score calculated?
Financial strength5/25 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.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 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 31/03/2025

Net Worth

-£995

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£995

Working capital

Current Assets

£15k

Current Liabilities

£16k

2avg. employees

Balance Sheet

Assets less current liabilities-£995
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.94—
20241.40-£19k
20232.47+£9k
20223.18—

Derived from filed accounts. Not audited figures.