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Sss New Projects Ltd

13416697

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

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

Details

2 RAMSGILL DRIVE, ILFORD, IG2 7TR
Incorporated 24/05/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Sivarasa Asokan

director · Since 24/05/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 5 other boards

Persons with Significant Control

Mr Sivarasa Asokan

50–75% shares
50–75% votes
Appoint directors

British · England · Age 68

2, Ramsgill Drive, Ilford, IG2 7TR

Notified 27/10/2021

Mrs Yogaranee Asokan

25–50% shares
25–50% votes
Appoint directors

British · England · Age 58

2, Ramsgill Drive, Ilford, IG2 7TR

Notified 27/10/2021

Former PSCs

Siva Shankaram Ltd

Ceased 27/10/2021

Charges2 outstanding

Charge
outstanding

FLEET MORTGAGES LIMITED

Created 16/01/2024Registered 16/01/2024
Charge
outstanding

WEST ONE SECURED LOANS LIMITED

Created 28/11/2022Registered 14/12/2022

CompanyRankvs 82403+ SIC 68100 peers
34

Financial strength77th percentile among SIC peers · 19/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.4× · 2/20
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 strength19/25 pts

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

Employees3/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£40k

Balance sheet strength

Cash

£28k

Cash in the bank

Net Current Assets

-£47k

Working capital

Current Assets

£31k

Current Liabilities

£77k

Fixed Assets

£380k

Debtors

£3k

0avg. employees

Balance Sheet

Assets less current liabilities£333k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.40+£16k
20240.19+£17k
20230.16—

Derived from filed accounts. Not audited figures.