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Groovement Ltd

13435001

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

427 CHILLINGHAM ROAD, HEATON, NE6 5QU
Incorporated 02/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56210
Event catering activities

Officers

Mr Wesley Ian Allmark

director · Since 02/06/2021

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 28

Also on 1 other board

Mr Ross Peter Clough

director · Since 02/06/2021

EVENTS DIRECTOR

BRITISH · ENGLAND · Age 29

Persons with Significant Control

Mr Wesley Ian Allmark

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

British · United Kingdom · Age 28

427, Chillingham Road, Heaton, NE6 5QU

Notified 02/06/2021

Mr Ross Peter Clough

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

British · England · Age 29

52, Lake View, Pontefract, WF8 1JJ

Notified 02/06/2021

CompanyRankvs 12234+ SIC 56210 peers
35

Financial strength11th percentile among SIC peers · 3/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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12234Groovement Ltd
35
How is this score calculated?
Financial strength3/25 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.

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

Key FinancialsYear ending 30/06/2024

Net Worth

-£18k

Balance sheet strength

Cash

£49

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£49

Current Liabilities

£18k

2avg. employees

Balance Sheet

Assets less current liabilities-£18k
Signed by Mr Ross Clough Mr Wesley Allmark 24th January 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£4k
20230.02-£9k
20220.05—

Derived from filed accounts. Not audited figures.