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Open Arms Property Ltd

14365681

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)
  • Current liabilities exceed current assets (-10)

Details

17 EDWARD CLOSE, ROMFORD, RM2 6QH
Incorporated 20/09/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Jaime Gorman

director · Since 20/09/2022

DIRECTOR

BRITISH · UNITED ARAB EMIRATES · Age 58

Mr Ian Lockwood

director · Since 20/09/2022

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 1 other board

Persons with Significant Control

Mr Ian Lockwood

25–50% shares
25–50% votes
Appoint directors

British · England · Age 56

17, Edward Close, Romford, RM2 6QH

Notified 20/09/2022

Jaime Gorman

25–50% shares
25–50% votes
Appoint directors

British · United Arab Emirates · Age 58

17, Edward Close, Romford, RM2 6QH

Notified 20/09/2022

CompanyRankvs 201149+ SIC 68209 peers
38

Financial strength57th percentile among SIC peers · 14/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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201149Open Arms Property Ltd
37
How is this score calculated?
Financial strength14/25 pts

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

Employees3/15 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 30/09/2024

Net Worth

£8k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£308k

Working capital

Current Assets

£153k

Current Liabilities

£461k

Fixed Assets

£316k

0avg. employees

Balance Sheet

Assets less current liabilities£8k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.33+£5k
20230.24—

Derived from filed accounts. Not audited figures.