Company Overview
Journeys Friend Exports Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 17 September 1987, so this is a well established company. Journeys Friend Exports Limited has been in business for 38 years and 6 months. The accounts status is total exemption full and the accounts are next due on Thursday 30 September 2021.
Registered Address

C/O Valentine & Co, Galley House, Moon Lane, Barnet, EN5 5YL
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Companies House Data
Company NameJOURNEYS FRIEND EXPORTS LIMITED
Company Number02165942
Registered Office AddressC/O Valentine & Co
 Galley House
 EN5 5YL
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date17/09/1987
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2021
Accounts Last Made Up Date31/12/2019
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date27/07/2017
Returns Last Made Up Date29/06/2016
Directors & Members
Show Resigned
Duncan Howson - Director
(British, 75 years old, born September 1951)
Appointed 03 February 2003
Active
William Wetzel - Director
(British,American, 66 years old, born December 1960)
Appointed 01 January 1995
Active
Peter Winston - Director
(British, 63 years old, born August 1963)

Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Dec-2019 31-Dec-2018 31-Dec-2017
Balance Sheet
Fixed Assets 56,423 489,542 416,480
Current Assets 1,020,332 1,268,073 1,309,379
Creditors Due Within One Year 844,378 968,343 946,238
Working Cap 175,954 299,730 363,141
Total Assets Less Current Liabilities 232,377 789,272 779,621
Long-term Liabilities 223,395 780,290 778,621
Net Assets 8,982 8,982 1,000
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 8,982 8,982 1,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2019 31-Dec-2018 31-Dec-2017
Tangible Fixed Assets - - -
Fixed Assets 5.2% 27.9% 24.1%
Stocks Inventory - - -
Debtors 20.8% 15.0% 16.1%
Cash Bank In Hand 57.8% 45.8% 44.4%
Current Assets 94.8% 72.1% 75.9%
Creditors Due Within One Year 78.4% 55.1% 54.8%
Net Current Assets Liabilities 16.3% 17.1% 21.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.8% 0.5% 0.1%
Capital Employed - - -
Total Assets Less Current Liabilities 21.6% 44.9% 45.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2019 31-Dec-2018 31-Dec-2017
Liquidity Ratio 1.2 1.3 1.4
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2019 31-Dec-2018 31-Dec-2017
Assets 1,076,755 1,757,615 1,725,859
Debt 1,067,773 1,748,633 1,724,859
Net Assets/Debt 8,982 8,982 1,000
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Liquidators' statement of receipts and payments to 29 June 2025
Liquidators' statement of receipts and payments to 29 June 2024
Liquidators' statement of receipts and payments to 29 June 2023
Liquidators' statement of receipts and payments to 29 June 2022
Registered office address changed from C/O Valentine & Co Galley House Moon Lane Barnet EN5 5YL to C/O Valentine & Co Galley House Moon Lane Barnet EN5 5YL on 4 February 2022
Liquidators' statement of receipts and payments to 29 June 2021
Notice to Registrar of Companies of Notice of disclaimer
Registered office address changed from C/O Valentine & Co Galley House Moon Lane Barnet EN5 5YL to C/O Valentine & Co Galley House Moon Lane Barnet EN5 5YL on 18 August 2020
Registered office address changed from 1st Floor 314 Regents Park Road Finchley London N3 2LT United Kingdom to Galley House Moon Lane Barnet EN5 5YL on 15 August 2020
Resolutions
Appointment of a voluntary liquidator
Statement of affairs
Notification of Double Yews Group Limited as a person with significant control on 27 September 2019
Director's details changed for Mr Peter Jonathan Winston on 26 September 2019
Director's details changed for Duncan Richard Howson on 25 September 2019
Director's details changed for William David Wetzel on 25 September 2019
Confirmation statement made on 29 June 2019 with no updates
Registered office address changed from Faulkner House Victoria Street St Albans Herts AL1 3SE to 1st Floor 314 Regents Park Road Finchley London N3 2LT on 4 February 2019
Confirmation statement made on 29 June 2018 with updates
Termination of appointment of Brian Bernard Winston as a director on 12 March 2018
Termination of appointment of Rodney Andrew Erridge as a director on 12 March 2018
Termination of appointment of Rodney Andrew Erridge as a secretary on 12 March 2018

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