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Cercis Limited

14521244

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

NURSERY COURT, WINDLESHAM, GU20 6LQ
Incorporated 02/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Peter Robert Clay

director · Since 02/12/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 1 other board

Mr Mark William Fane

director · Since 02/12/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Mr Harsh Shah

director · Since 10/04/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Mr Mark William Fane

25–50% shares
25–50% votes

British · United Kingdom · Age 68

Nursery Court, London Road, Windlesham, GU20 6LQ

Notified 02/12/2022

Mr Peter Robert Clay

25–50% shares
25–50% votes

British · United Kingdom · Age 68

Nursery Court, London Road, Windlesham, GU20 6LQ

Notified 02/12/2022

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 08/08/2023Registered 11/08/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 27/01/2023Registered 31/01/2023

CompanyRankvs 242820+ SIC 47910 peers
34

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.24× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

and appropriate to provide a basis for our qualified opinion. Page 5 CERCIS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CERCIS LIMITED (CONTINUED) Material uncertainty related to going concern We draw attention to note 2.4 in the financial statements , which sets out the position of the Company with respect to going concern. During the period, the Company acquired the trade an

Key FinancialsYear ending 31/10/2023

Turnover

£15.3M

Annual revenue

Net Worth

-£1.7M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Profit Before Tax

-£1.7M

Bottom line earnings

Net Current Assets

£2.9M

Working capital

Current Assets

£5.2M

Current Liabilities

£2.3M

Fixed Assets

-£546k

Debtors

£1.4M

Cost of Sales

£13.3M

Gross Profit

£1.9M

Admin Expenses

£2.8M

Operating Profit

-£1.5M

Profit After Tax

-£1.7M

82avg. employees

People Costs

Wages & salaries£2.5M
NI contributions£260k

Balance Sheet

Intangible assets£335k
Assets less current liabilities£2.3M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20232.24

Derived from filed accounts. Not audited figures.