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Panesar & Associates Ltd

15249616

active
Private Limited 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

66 LANGHAM DRIVE, ROMFORD, RM6 4TB
Incorporated 31/10/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69201
Accounting and auditing activities

Officers

Mr Tarvinder Singh Panesar

director · Since 31/10/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Mr Tarvinder Singh Panesar

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-firm
Appoint directors
right-to-appoint-and-remove-directors-as-firm
significant-influence-or-control-as-firm

British · England · Age 58

66, Langham Drive, Romford, RM6 4TB

Notified 31/10/2023

Former PSCs

Mr Jasmeet Singh Panesar

Ceased 02/12/2023

CompanyRankvs 34185+ SIC 69201 peers
31

Financial strength9th percentile among SIC peers · 2/25
Employees31th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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34185Panesar & Associates Ltd
26
How is this score calculated?
Financial strength2/25 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 31/10/2024

Net Worth

-£2k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£6k

Current Liabilities

£7k

1avg. employees
Signed by Mr T Panesar,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.76

Derived from filed accounts. Not audited figures.