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Abcor Finance No 2 Limited

13287224

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

128 CITY ROAD, LONDON, EC1V 2NX
Incorporated 23/03/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64929
64929

Officers

Mr Andrew Beck

secretary · Since 23/03/2021

Also on 7 other boards

Mr Andrew Beck

director · Since 23/03/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 7 other boards

Mr Colm Oreilly

director · Since 23/03/2021

DIRECTOR

IRISH · IRELAND · Age 49

Persons with Significant Control

Mr Andrew Leslie Beck

Significant control

British · United Kingdom · Age 63

Rivendell, Franklin Road, Chelmsford, CM3 6NF

Notified 23/03/2021

Mr Colm O'Reilly

Significant control

Irish · Ireland · Age 49

Honeywood Farm Business Centre, Honey Pot Lane, Chelmsford, CM3 6RT

Notified 23/03/2021

Former PSCs

Abcor Finance Limited

Ceased 25/03/2022

Charges1 outstanding

Charge
outstanding

LITTORAL FINANCIAL LIMITED

Created 21/07/2022Registered 27/07/2022

CompanyRankvs 1205+ SIC 64929 peers
28

Financial strength8th percentile among SIC peers · 2/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.99× · 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 strength2/25 pts

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

Employees10/15 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 31/12/2023

Net Worth

-£32k

Balance sheet strength

Cash

£393k

Cash in the bank

Net Current Assets

-£32k

Working capital

Current Assets

£4.2M

Current Liabilities

£4.3M

Fixed Assets

£0

Debtors

£3.8M

2avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities-£32k
Signed by 2023-01-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20230.99-£28k
20221.00

Derived from filed accounts. Not audited figures.