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Red On Socks Ltd

13723863

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

C/O VENTURE FINANCE MANAGEMENT, SUITE 101, LIVERPOOL, L3 9LQ
Incorporated 04/11/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47710
Retail sale of clothing in specialised stores

Officers

Mr Michael James Chadwick

director · Since 04/11/2021

CHIEF EXECUTIVE

BRITISH · ENGLAND · Age 35

Also on 8 other boards

Persons with Significant Control

Mr Michael James Chadwick

75–100% shares
75–100% votes
Appoint directors

British · England · Age 35

Studio 28, Liverpool Road, Liverpool, L23 5TD

Notified 04/11/2021

CompanyRankvs 13645+ SIC 47710 peers
23

Financial strength14th percentile among SIC peers · 4/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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13645Red On Socks Ltd
32
How is this score calculated?
Financial strength4/25 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

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

Going Concern Doubt

these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern. Revenue from sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering o

Key FinancialsYear ending 30/11/2024

Net Worth

-£11k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£11k

Working capital

Current Assets

£5k

Current Liabilities

£17k

Debtors

£122

1avg. employees

Balance Sheet

Assets less current liabilities-£11k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.32-£7k
20230.71+£8k
20220.16—

Derived from filed accounts. Not audited figures.