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Favsco 23 Ltd

14709182

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

5 BROOKLANDS PLACE, SALE, M33 3SD
Incorporated 06/03/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68310
Real estate agencies

Officers

Mr Nigel Andrew Favas

director · Since 06/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 2 other boards

Mr Kevin Beastall

director · Since 02/05/2023

DIRECTOR

BRITISH · ENGLAND · Age 57

Mr William John Wetherell

director · Since 02/05/2023

DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Nigel Andrew Favas

75–100% shares
75–100% votes

British · England · Age 70

5 Brooklands Place, Brooklands Road, Sale, M33 3SD

Notified 06/03/2023

Charges1 outstanding

Charge
outstanding

REEDS RAINS LIMITED

Created 04/05/2023Registered 11/05/2023

CompanyRankvs 4675+ SIC 68310 peers
50

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.45× · 12/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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4675Favsco 23 Ltd
70
How is this score calculated?
Financial strength25/25 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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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

performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£20.2M

Annual revenue

Net Worth

£1.1M

Balance sheet strength

Cash

£1.7M

Cash in the bank

Profit Before Tax

£1.5M

Bottom line earnings

Net Current Assets

£896k

Working capital

Current Assets

£2.9M

Current Liabilities

£2.0M

Fixed Assets

£300k

Debtors

£1.2M

Cost of Sales

£3.1M

Gross Profit

£17.1M

Admin Expenses

£15.6M

Operating Profit

£1.4M

Profit After Tax

£1.1M

345avg. employees+5

Tax at Year End

Corp tax£312k

People Costs

Wages & salaries£9.3M
NI contributions£915k

Balance Sheet

Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.45+£1.1M
20230.97—

Derived from filed accounts. Not audited figures.