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Culture Restaurant And Bar Ltd

14018352

active
Private Limited Company
england wales
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

70B 70B ADELAIDE TERRACE, NEWCASTLE UPON TYNE, NE4 9JN
Incorporated 01/04/2022

Compliance

Last accounts

30/04/2025

micro entity

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 26/06/2025

Due 10/07/2026

On track

Industry

56101
Licensed restaurants
56290
Other food service activities
56301
Licensed clubs

Officers

Mr Luke Ifeoluwa Olajide

director · Since 01/04/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Also on 10 other boards

Mr Sylvester Oluwatoni Olajide

director · Since 01/04/2026

NIGERIAN · ENGLAND · Age 30

Persons with Significant Control

Mr Luke Ifeoluwa Olajide

25–50% shares
25–50% votes

British · United Kingdom · Age 37

5, Stainton Gardens, Gateshead, NE9 7EH

Notified 01/04/2022

Former PSCs

Mr Lawrence Seyi Akinwale

Ceased 03/06/2024

CompanyRankvs 26079+ SIC 56101 peers
33

Financial strength15th percentile among SIC peers · 4/25
Employees56th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.25× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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26079Culture Restaurant And Bar Ltd
33
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.

Employees8/15 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.

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

Key FinancialsYear ending 30/04/2025

Net Worth

-£43k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£54k

Working capital

Current Assets

£18k

Current Liabilities

£71k

Fixed Assets

£13k

6avg. employees-2

Balance Sheet

Assets less current liabilities-£40k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20250.25-£28k
20240.31-£13k
20230.19—

Derived from filed accounts. Not audited figures.