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Grace News Ltd

13464320

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

11A EASTCOTE ROAD, HARROW, HA2 8LQ
Incorporated 18/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47910
Retail sale via mail order houses or via Internet

Officers

Mr Nehalkumar Dineshbhai Patel

director · Since 18/06/2021

DIRECTOR

INDIAN · ENGLAND · Age 42

Also on 1 other board

Mr Ronakkumar Vinodbhai Patel

director · Since 17/10/2025

DIRECTOR

INDIAN · ENGLAND · Age 31

Persons with Significant Control

Mr Ronakkumar Vinodbhai Patel

75–100% shares

Indian · England · Age 31

11a, Eastcote Road, Harrow, HA2 8LQ

Notified 17/10/2025

Former PSCs

Mr Nehalkumar Dineshbhai Patel

Ceased 17/10/2025

CompanyRankvs 18955+ SIC 47110 peers
31

Financial strength24th percentile among SIC peers · 6/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.1× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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18955Grace News Ltd
30
How is this score calculated?
Financial strength6/25 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.

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

Key FinancialsYear ending 30/06/2025

Net Worth

£100

Balance sheet strength

Cash

£390

Cash in the bank

Net Current Assets

-£122k

Working capital

Current Assets

£13k

Current Liabilities

£136k

Fixed Assets

£5k

Debtors

£8k

1avg. employees+1

Balance Sheet

Intangible assets£5k
Assets less current liabilities-£118k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.10
20240.13
20230.19
20220.31

Derived from filed accounts. Not audited figures.