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Lucid Records Limited

14191489

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

374 LEY STREET, ILFORD, IG1 4AE
Incorporated 23/06/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Steven Naji Abu-Nab

director · Since 23/06/2022

BUSINESSMAN

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Mrs Priya Sharene Gandhi

director · Since 23/06/2022

LAWYER

BRITISH · UNITED KINGDOM · Age 45

Persons with Significant Control

Mr Steven Naji Abu-Nab

25–50% shares
25–50% votes

British · United Kingdom · Age 46

374 Ley Street, Ilford, IG1 4AE

Notified 23/06/2022

Mrs Priya Sharene Gandhi

25–50% shares
25–50% votes

British · United Kingdom · Age 45

374 Ley Street, Ilford, IG1 4AE

Notified 23/06/2022

CompanyRankvs 10926+ SIC 59200 peers
34

Financial strength4th percentile among SIC peers · 1/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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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.

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.

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

Key FinancialsYear ending 30/06/2025

Net Worth

-£52k

Balance sheet strength

Cash

£281

Cash in the bank

Net Current Assets

-£156k

Working capital

Current Assets

£281

Current Liabilities

£156k

Fixed Assets

£104k

2avg. employees

Director Loans

Company owes directors£156k

Balance Sheet

Assets less current liabilities-£52k
Signed by Mrs Priya Sharene Gandhi 20 March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.00-£18k
20240.01-£17k
20235.13

Derived from filed accounts. Not audited figures.