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Canary (Bidco) Limited

14162639

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

FLOOR 1, THE ATRIUM, NORWICH, NR3 1AB
Incorporated 09/06/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Daniel Patrick Morris

director · Since 23/09/2024

CHIEF EXECUTIVE

BRITISH · UNITED KINGDOM · Age 50

Also on 5 other boards

Mr Rahul Satsangi

director · Since 11/02/2025

INVESTMENT MANAGER

BRITISH · UNITED KINGDOM · Age 46

Also on 6 other boards

Mr David Torbet

director · Since 11/02/2025

FUND MANAGER

BRITISH · UNITED KINGDOM · Age 48

Also on 2 other boards

Mrs Helen Janet Hutchinson

director · Since 23/02/2026

BRITISH · ENGLAND · Age 47

Also on 5 other boards

Persons with Significant Control

Canary (Midco 2) Limited

75–100% shares
75–100% votes
Appoint directors

One Eagle Place, London, SW1Y 6AF

Reg: 14162494 · United Kingdom · Private Company Limited By Shares

Notified 09/06/2022

Charges1 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 24/06/2022Registered 28/06/2022

CompanyRankvs 146131+ SIC 82990 peers
11

Financial strength1th percentile among SIC peers · 0/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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146131Canary (Bidco) Limited
31
How is this score calculated?
Financial strength0/25 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/03/2023

Turnover

£383k

Annual revenue

Net Worth

-£500k

Balance sheet strength

Cash

—

Cash in the bank

Profit Before Tax

-£652k

Bottom line earnings

Net Current Assets

-£29.0M

Working capital

Current Assets

£6.7M

Current Liabilities

£35.7M

Debtors

£5.5M

Gross Profit

£383k

Admin Expenses

£528k

Operating Profit

-£145k

Profit After Tax

-£500k

2avg. employees

Balance Sheet

Bank loans & overdrafts£6.5M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20230.19

Derived from filed accounts. Not audited figures.