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Giro Property Developments Limited

13598463

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

WELCOME HOUSE, BIRMINGHAM, B9 4EP
Incorporated 02/09/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Mohammed Javed Sarwar

director · Since 02/09/2021

DIRECTOR

ENGLISH · ENGLAND · Age 66

Also on 14 other boards

Persons with Significant Control

Mr Mohammed Javed Sarwar

75–100% shares

English · England · Age 66

Welcome House, Glover Street, Birmingham, B9 4EP

Notified 02/09/2021

Former PSCs

Giro Food Limited

Ceased 02/09/2021

Charges2 outstanding

Charge
outstanding

CAMBRIDGE & COUNTIES BANK LIMITED

Created 18/04/2023Registered 20/04/2023
Charge
outstanding

CAMBRIDGE & COUNTIES BANK LIMITED

Created 18/04/2023Registered 20/04/2023

CompanyRankvs 50578+ SIC 41100 peers
23

Financial strength55th percentile among SIC peers · 14/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength14/25 pts

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

Employees7/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con

Key FinancialsYear ending 31/05/2024

Turnover

£260k

Annual revenue

Net Worth

£2k

Balance sheet strength

Cash

£1k

Cash in the bank

Profit Before Tax

£811

Bottom line earnings

Net Current Assets

-£21k

Working capital

Current Assets

£1k

Current Liabilities

£22k

Fixed Assets

£3.4M

Debtors

£35k

Gross Profit

£260k

Admin Expenses

£20k

Operating Profit

£240k

Profit After Tax

£811

1avg. employees

Tax at Year End

Corp tax£195

Balance Sheet

Bank loans & overdrafts£22k
Assets less current liabilities£3.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20240.05
20230.08

Derived from filed accounts. Not audited figures.