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Good Luck Furniture Uk Ltd

13301397

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)
  • Going concern doubt noted in accounts (-10)

Details

FLAT 2, BOURNEMOUTH, BH1 1HU
Incorporated 29/03/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46470
Wholesale of furniture, carpets and lighting equipment
46650
Wholesale of office furniture
47599
Retail sale of furniture, lighting equipment and other household articles
47910
Retail sale via mail order houses or via Internet

Officers

Mr Weida Qian

director · Since 29/03/2021

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Persons with Significant Control

Mr Weida Qian

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 43

Flat 2, 13 Dean Park Road, Bournemouth, BH1 1HU

Notified 29/03/2021

CompanyRankvs 1712+ SIC 46470 peers
23

Financial strength4th percentile among SIC peers · 1/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.35× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
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1712Good Luck Furniture Uk Ltd
33
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.

Employees10/15 pts

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

Liquidity2/20 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

cash flow pressures and has outstanding liabilities at the balance sheet date. Accordingly, a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern Revenue from sale of goods Turnover from the sale of

Key FinancialsYear ending 31/03/2025

Net Worth

-£103k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

-£103k

Working capital

Current Assets

£55k

Current Liabilities

£158k

Debtors

£5k

2avg. employees

Balance Sheet

Assets less current liabilities-£103k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.35+£0
20250.35-£84k
20240.91-£16k
20230.93—

Derived from filed accounts. Not audited figures.