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Chips Oman International Trading Ltd

14446844

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

93 EDGWARE ROAD, LONDON, W2 2HX
Incorporated 27/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Mustafa Zuhair Jawad Al Balaghi

director · Since 27/10/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 15 other boards

Persons with Significant Control

Mr Mustafa Zuhair Jawad Al Balaghi

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

British · England · Age 41

93, Edgware Road, London, W2 2HX

Notified 27/10/2022

CompanyRankvs 16535+ SIC 47190 peers
25

Financial strength11th percentile among SIC peers · 3/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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16535Chips Oman International Trading Ltd
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How is this score calculated?
Financial strength3/25 pts

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

Employees11/15 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

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

-£14k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

-£26k

Working capital

Current Assets

£11k

Current Liabilities

£36k

Fixed Assets

£11k

3avg. employees

Balance Sheet

Assets less current liabilities-£14k
Signed by Mr Mustafa Zuhair Jawad AL BALAGHI 05/04/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.29

Derived from filed accounts. Not audited figures.