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Needs World Limited

14482466

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

41 AYRES ROAD, MANCHESTER, M16 9NH
Incorporated 14/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41201
Construction of commercial buildings
47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Faisal Ghafoor

director · Since 24/01/2024

COMPANY DIRECTOR

PAKISTANI · ENGLAND · Age 41

Also on 1 other board

Persons with Significant Control

Mr Azhar Ghafoor Bajwa

25–50% shares
25–50% votes

Pakistani · United Kingdom · Age 33

41, Ayres Road, Manchester, M16 9NH

Notified 14/11/2022

Mr Faisal Ghafoor

25–50% shares
25–50% votes

Pakistani · England · Age 41

41, Ayres Road, Manchester, M16 9NH

Notified 14/10/2024

Former PSCs

Mr Nisar Ahmad

Ceased 18/07/2023

CompanyRankvs 17293+ SIC 41201 peers
50

Financial strength63th percentile among SIC peers · 16/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.53× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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17293Needs World Limited
45
How is this score calculated?
Financial strength16/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 31/10/2024

Net Worth

£13k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£43k

Working capital

Current Assets

£48k

Current Liabilities

£90k

Fixed Assets

£56k

2avg. employees

Balance Sheet

Assets less current liabilities£13k
Signed by Mr FAISAL GHAFOOR 13/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.53-£55k
202316.86—

Derived from filed accounts. Not audited figures.