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Karma Medical Solutions Limited

13169133

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

323-A GRIMSBY ROAD, CLEETHORPES, DN35 7ES
Incorporated 01/02/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47730
Dispensing chemist in specialised stores
86210
General medical practice activities

Officers

Mr Muhammad Atif Chaudhry

director · Since 01/02/2021

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 3 other boards

Dr Mahmood Rasheed

director · Since 01/02/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Dr Smarajit Roy

director · Since 01/02/2021

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 3 other boards

Mr Ansar Hussain Saleem

director · Since 01/02/2021

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 2 other boards

Dr Syed Kazim Sibtain

director · Since 01/02/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr Ansar Hussain Saleem

Ceased 13/06/2022

Dr Smarajit Roy

Ceased 13/06/2022

Dr Mahmood Rasheed

Ceased 13/06/2022

Mr Muhammad Atif Chaudhry

Ceased 13/06/2022

Dr Syed Kazim Sibtain

Ceased 13/06/2022

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 17/08/2022Registered 24/08/2022
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 26/07/2022Registered 28/07/2022

CompanyRankvs 4445+ SIC 47730 peers
30

Financial strength4th percentile among SIC peers · 1/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.54× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees13/15 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.

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 28/02/2025

Net Worth

-£70k

Balance sheet strength

Cash

£42k

Cash in the bank

Net Current Assets

-£192k

Working capital

Current Assets

£229k

Current Liabilities

£422k

Fixed Assets

£405k

Debtors

£157k

13avg. employees

Balance Sheet

Intangible assets£400k
Assets less current liabilities£212k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.54+£0
20250.54-£27k
20240.65-£90k
20230.35

Derived from filed accounts. Not audited figures.