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Wallsend Discount Centre Ltd

13821695

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

248 HIGH STREET EAST, WALLSEND, NE28 7RX
Incorporated 30/12/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Gurpreet Singh

director · Since 30/12/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Persons with Significant Control

Mr Gurpreet Singh

25–50% shares
25–50% votes

British · United Kingdom · Age 42

248, High Street East, Wallsend, NE28 7RX

Notified 30/12/2021

Mr Aaron Singh

25–50% shares
25–50% votes

British · United Kingdom · Age 23

248, High Street East, Wallsend, NE28 7RX

Notified 30/12/2021

Mrs Kiranjit Kaur

25–50% shares
25–50% votes

British · United Kingdom · Age 41

248, High Street East, Wallsend, NE28 7RX

Notified 30/12/2021

CompanyRankvs 13465+ SIC 47110 peers
49

Financial strength48th percentile among SIC peers · 12/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.53× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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13465Wallsend Discount Centre Ltd
44
How is this score calculated?
Financial strength12/25 pts

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

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 31/12/2024

Net Worth

£6k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£65k

Working capital

Current Assets

£73k

Current Liabilities

£138k

Fixed Assets

£82k

5avg. employees

Balance Sheet

Assets less current liabilities£17k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.53
20230.49
20220.32

Derived from filed accounts. Not audited figures.