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Rakrish Properties Ltd

13910375

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

61-63 FOXHALL ROAD, IPSWICH, IP3 8JU
Incorporated 11/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68201
Renting and operating of Housing Association real estate

Officers

Mrs Binaben Upendrakumar Patel

director · Since 11/02/2022

RETAIL MANAGER

BRITISH · UNITED KINGDOM · Age 62

Also on 1 other board

Mr Upendrakumar Jayantilal Patel

director · Since 11/02/2022

BUSINESS PERSON

BRITISH · UNITED KINGDOM · Age 64

Also on 5 other boards

Persons with Significant Control

Mr Upendrakumar Jayantilal Patel

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 64

525, Wherstead Road, Ipswich, IP2 8LW

Notified 11/02/2022

Mrs Binaben Upendrakumar Patel

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 62

525, Wherstead Road, Ipswich, IP2 8LW

Notified 11/02/2022

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 30/09/2022Registered 30/09/2022
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 31/08/2022Registered 31/08/2022

CompanyRankvs 67573+ SIC 68100 peers
38

Financial strength61th percentile among SIC peers · 15/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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67573Rakrish Properties Ltd
48
How is this score calculated?
Financial strength15/25 pts

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

Employees12/15 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.

Longevity4/15 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 28/02/2025

Net Worth

£4k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£90k

Working capital

Current Assets

£5k

Current Liabilities

£95k

Debtors

£1k

2avg. employees

Balance Sheet

Bank loans & overdrafts£241k
Assets less current liabilities£245k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20250.06
20240.07

Derived from filed accounts. Not audited figures.