Ace African Fabrics Ltd
13187731
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Lukmaan Variawa
British · United Kingdom · Age 29
8, Washington Road, London, E6 1AJ
Notified 09/02/2021
CompanyRankvs 2709+ SIC 46410 peers32
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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.
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
-£10k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£10k
Working capital
Current Assets
£628
Current Liabilities
£11k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.06 | -£679 |
| 2024 | 0.07 | -£8k |
| 2023 | 0.96 | — |
Derived from filed accounts. Not audited figures.