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Old Friends Cafe Ltd

15136253

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

UNIT 4 FAIRWAYS BUSINESS PARK, LONDON, E10 7QB
Incorporated 13/09/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes

Officers

Mr Yanchun Qi

director · Since 13/09/2023

DIRECTOR

CHINESE · ENGLAND · Age 48

Persons with Significant Control

Mr Yanchun Qi

50–75% shares
50–75% votes
Appoint directors

Chinese · England · Age 48

Unit 4, Fairways Business Park, London, E10 7QB

Notified 13/09/2023

Mr Qin Zhang

25–50% shares
25–50% votes

Chinese · England · Age 44

Unit 4, Fairways Business Park, London, E10 7QB

Notified 13/09/2023

CompanyRankvs 24251+ SIC 56102 peers
29

Financial strength21th percentile among SIC peers · 5/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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24251Old Friends Cafe Ltd
28
How is this score calculated?
Financial strength5/25 pts

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

Employees4/15 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.

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 30/09/2024

Net Worth

-£11k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£12k

Working capital

Current Assets

£271

Current Liabilities

£13k

Fixed Assets

£2k

1avg. employees

Balance Sheet

Assets less current liabilities-£11k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20240.02

Derived from filed accounts. Not audited figures.