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Rainbow Lounge Limited

14550512

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT C, TAUNTON, TA1 4AW
Incorporated 20/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mrs Tracey Jane Clayton

director · Since 20/12/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Persons with Significant Control

Mrs Tracey Jane Clayton

25–50% shares
25–50% votes

British · United Kingdom · Age 62

Unit C, Corporation Street, Taunton, TA1 4AW

Notified 20/12/2022

Former PSCs

Mr Duncan James Clayton

Ceased 21/04/2026

CompanyRankvs 24304+ SIC 56101 peers
36

Financial strength11th percentile among SIC peers · 3/25
Employees79th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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24304Rainbow Lounge Limited
35
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.

Employees12/15 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 31/12/2024

Net Worth

-£72k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£648k

Working capital

Current Assets

£111k

Current Liabilities

£759k

Fixed Assets

£579k

13avg. employees+4

Balance Sheet

Assets less current liabilities-£69k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent Ratio
20240.15
20230.11

Derived from filed accounts. Not audited figures.