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Happy Unit Limited

14012515

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

376 PALATINE ROAD, MANCHESTER, M22 4FZ
Incorporated 30/03/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46420
Wholesale of clothing and footwear
46499
46499
47910
Retail sale via mail order houses or via Internet

Officers

Mr Ming Sum Chan

director · Since 30/03/2022

COMPANY DIRECTOR

HONG KONGER · ENGLAND · Age 34

Ms Hoi Man Wong

director · Since 30/03/2022

COMPANY DIRECTOR

HONG KONGER · ENGLAND · Age 37

Persons with Significant Control

Ms Hoi Man Wong

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

Hong Konger · England · Age 37

376, Palatine Road, Manchester, M22 4FZ

Notified 30/03/2022

Mr Ming Sum Chan

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

Hong Konger · England · Age 34

376, Palatine Road, Manchester, M22 4FZ

Notified 30/03/2022

CompanyRankvs 8464+ SIC 46420 peers
32

Financial strength13th percentile among SIC peers · 3/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.69× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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28
How is this score calculated?
Financial strength3/25 pts

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

Employees4/15 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.

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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£11k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£11k

Working capital

Current Assets

£25k

Current Liabilities

£36k

0avg. employees

Balance Sheet

Assets less current liabilities-£11k
Prepared with FreeAgent

EstimatesDerived

YearCurrent RatioImplied Profit
20250.69-£49k
2024Infinity+£1k
2023Infinity—

Derived from filed accounts. Not audited figures.