Folk Commerce Limited
14251101
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2023
full
Next accounts due
24/03/2026
Confirmation statement
Last: 21/07/2025
Due 04/08/2026
Industry
Officers
director · Since 22/07/2022
GROUP CEO/DIRECTOR
GERMAN · UNITED KINGDOM · Age 57
Also on 13 other boards
director · Since 30/12/2023
CO-CHIEF EXECUTIVE OFFICER
BRITISH · UNITED KINGDOM · Age 43
director · Since 30/12/2023
CO-CHIEF EXECUTIVE OFFICER
BRITISH · ENGLAND · Age 40
Also on 1 other board
Persons with Significant Control
Together Group Studios Limited
C/O Fieldfisher, Riverbank House, London, EC4R 3TT
Reg: 12369355 · Companies House · Private Limited Company
Notified 22/07/2022
Charges2 outstanding
ALTER DOMUS TRUSTEES (UK) LIMITED AS SECURITY AGENT FOR THE SECURED PARTIES
ALTER DOMUS TRUSTEES (UK) LIMITED
BREGAL SAGEMOUNT CREDIT OPPORTUNITIES FUND II L.P.
BREGAL SAGEMOUNT CREDIT OPPORTUNITIES FUND II L.P.
CompanyRankvs 29956+ SIC 74100 peers12
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2023
Turnover
£985k
Annual revenue
Net Worth
-£185k
Balance sheet strength
Cash
£48k
Cash in the bank
Profit Before Tax
-£195k
Bottom line earnings
Net Current Assets
-£265k
Working capital
Current Assets
£163k
Current Liabilities
£428k
Fixed Assets
£80k
Debtors
£115k
Cost of Sales
£432k
Gross Profit
£553k
Admin Expenses
£748k
Operating Profit
-£195k
Profit After Tax
-£185k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.38 |
Derived from filed accounts. Not audited figures.