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Karma Retail Ltd

15797079

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

33 LONSDALE ROAD, LEICESTER, LE4 8JH
Incorporated 23/06/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Hemang Ramanlal Patel

director · Since 23/06/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 1 other board

Persons with Significant Control

Mr Hemang Ramanlal Patel

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

British · England · Age 49

33, Lonsdale Road, Leicester, LE4 8JH

Notified 23/06/2024

Charges1 outstanding

Charge
outstanding

ASSET ADVANTAGE LIMITED

Created 13/11/2024Registered 13/11/2024

CompanyRankvs 12987+ SIC 47110 peers
37

Financial strength62th percentile among SIC peers · 16/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.42× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength16/25 pts

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

Employees12/15 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.

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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/06/2025

Net Worth

£16k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£130k

Working capital

Current Assets

£96k

Current Liabilities

£226k

Fixed Assets

£225k

6avg. employees

Balance Sheet

Assets less current liabilities£95k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.42

Derived from filed accounts. Not audited figures.