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First Rate Decorating Ltd

15611249

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

BANK HOUSE, SOUTHWICK, BN42 4FN
Incorporated 03/04/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43341
Painting

Officers

Mr Justin David Clay

director · Since 03/04/2024

BUILDER

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Justin David Clay

75–100% shares
75–100% votes
Appoint directors

British · England · Age 48

Bank House, Southwick Square, Southwick, BN42 4FN

Notified 03/04/2024

CompanyRankvs 10138+ SIC 43341 peers
34

Financial strength28th percentile among SIC peers · 7/25
Employees24th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.71× · 6/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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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.

Employees4/15 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.

Longevity2/15 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 30/04/2025

Net Worth

£100

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£8k

Current Liabilities

£12k

Fixed Assets

£4k

Debtors

£6k

1avg. employees

Balance Sheet

Assets less current liabilities£317
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.71

Derived from filed accounts. Not audited figures.