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Torbay Furniture Project Cic

14731735

active
Community Interest Company
england wales
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

56 WINNER STREET, PAIGNTON, TQ3 3BQ
Incorporated 15/03/2023

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 14/03/2026

Due 28/03/2027

On track

Industry

47599
Retail sale of furniture, lighting equipment and other household articles
47799
Retail sale of second-hand goods in stores

Officers

Mr Adam Peter Barfield

director · Since 15/03/2023

PORTER

ENGLISH · ENGLAND · Age 40

Mr Simon James Carter

director · Since 15/03/2023

VAN DRIVER

ENGLISH · ENGLAND · Age 48

Also on 1 other board

Miss Tarnia Louise Diamond

director · Since 15/03/2023

MANAGER

ENGLISH · ENGLAND · Age 35

Mr David Oliver Healy

director · Since 15/03/2023

OPERATIONS MANAGER

ENGLISH · ENGLAND · Age 33

Persons with Significant Control

Mr Simon James Carter

25–50% votes
Appoint directors

English · England · Age 48

56, Winner Street, Paignton, TQ3 3BQ

Notified 15/03/2023

Miss Tarnia Louise Diamond

25–50% votes
Appoint directors

English · England · Age 35

56, Winner Street, Paignton, TQ3 3BQ

Notified 15/03/2023

CompanyRankvs 5313+ SIC 47599 peers
41

Financial strength23th percentile among SIC peers · 6/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.89× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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5313Torbay Furniture Project Cic
37
How is this score calculated?
Financial strength6/25 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.

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.

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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£65

Balance sheet strength

Cash

£528

Cash in the bank

Net Current Assets

-£65

Working capital

Current Assets

£528

Current Liabilities

£593

4avg. employees

Balance Sheet

Assets less current liabilities-£65
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20250.89
20250.89
20241.43

Derived from filed accounts. Not audited figures.