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Grounded Group Holdings Ltd

13531847

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

EVOLUTION, UNIT 10 WYNYARD AVENUE, BILLINGHAM, TS22 5TB
Incorporated 27/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47290
Other retail sale of food in specialised stores

Officers

Mr Ahmed Latif Kidy

director · Since 27/07/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 2 other boards

Mr Mike Racz

director · Since 27/07/2021

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 29 other boards

Persons with Significant Control

Gro Investments Ltd

25–50% shares
25–50% votes

71-75, Shelton Street, London, WC2H 9JQ

Reg: 13516877 · Companies House · Ltd

Notified 27/07/2021

Adamo Cr Ltd

25–50% shares
25–50% votes

Evolution, Unit 10, Wynyard Avenue, Billingham, TS22 5TB

Reg: 13525700 · Companies House · Ltd

Notified 27/07/2021

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 08/02/2023Registered 14/02/2023

CompanyRankvs 4923+ SIC 47290 peers
27

Financial strength3th percentile among SIC peers · 1/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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4923Grounded Group Holdings Ltd
36
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.

Employees14/15 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 30/07/2024

Net Worth

-£158k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£336k

Working capital

Current Assets

£117k

Current Liabilities

£452k

Fixed Assets

£177k

12avg. employees

Balance Sheet

Assets less current liabilities-£158k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.26-£78k
20230.34—

Derived from filed accounts. Not audited figures.