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Joy Connection Cic

15043171

active
Community Interest Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

JOY CONNECTION 24B, BURY ST. EDMUNDS, IP33 1UZ
Incorporated 01/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes
85590
Other education

Officers

Mrs Nicola Emma Bragg-Hart

director · Since 01/08/2023

ENTERTAINER

BRITISH · ENGLAND · Age 37

Mrs Hannah Janet Pollard

director · Since 01/08/2023

ARTIST

BRITISH · ENGLAND · Age 31

Persons with Significant Control

Mrs Hannah Janet Pollard

25–50% shares
25–50% votes
Appoint directors

British · England · Age 31

Joy Connection 24b, Angel Hill, Bury St. Edmunds, IP33 1UZ

Notified 01/08/2023

Mrs Nicola Emma Bragg-Hart

25–50% shares
25–50% votes
Appoint directors

British · England · Age 37

118, St. Olaves Road, Bury St. Edmunds, IP32 6RP

Notified 01/08/2023

CompanyRankvs 21241+ SIC 56102 peers
36

Financial strength27th percentile among SIC peers · 7/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.56× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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21241Joy Connection Cic
31
How is this score calculated?
Financial strength7/25 pts

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

Employees5/15 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 31/08/2024

Net Worth

-£3k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£3k

Current Liabilities

£5k

Fixed Assets

£2k

2avg. employees

Balance Sheet

Assets less current liabilities-£65
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.56

Derived from filed accounts. Not audited figures.