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Tools 4 Life Ltd

14139191

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

54 GEORGE STREET, OLDHAM, OL1 1LS
Incorporated 29/05/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade
47421
Retail sale of mobile telephones
47910
Retail sale via mail order houses or via Internet
95120
Repair of communication equipment

Officers

Mr Muhammad Jabran Anwar

director · Since 29/05/2022

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 4 other boards

Persons with Significant Control

Mr Muhammad Jabran Anwar

75–100% shares

British · England · Age 43

3, School House Road, Oldham, OL4 5LH

Notified 29/05/2022

CompanyRankvs 19732+ SIC 46900 peers
32

Financial strength3th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.39× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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19732Tools 4 Life Ltd
32
How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 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 31/05/2024

Net Worth

-£98k

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

-£98k

Working capital

Current Assets

£63k

Current Liabilities

£160k

Debtors

£50k

2avg. employees
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20240.39-£97k

Derived from filed accounts. Not audited figures.