Company Overview
Drk Promotions Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 09 May 1995, so this is a well established company. Drk Promotions Limited has been in business for 30 years and 11 months. The accounts status is total exemption full and the accounts are next due on Monday 30 September 2024.
Registered Address

C/O Bridgewood Financial Solutions Limited, Cumberland House, 35 Park Row, Nottingham, NG1 6EE
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Companies House Data
Company NameDRK PROMOTIONS LIMITED
Company Number03054355
Registered Office AddressC/O Bridgewood Financial Solutions Limited
 Cumberland House, 35 Park Row
 NG1 6EE
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date09/05/1995
Accounting Reference Date Day30
Accounting Reference Date Month12
Accounts Next Due Date30/09/2024
Accounts Last Made Up Date31/12/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date06/06/2017
Returns Last Made Up Date09/05/2016
Directors & Members
Show Resigned
Vinay Fakey - Director
(British, 75 years old, born July 1951)
Appointed 02 January 2019
 Active
Neelam Fakey - Director
(British, 70 years old, born July 1956)
Appointed 01 September 2022
 Active
Secretaries
Show Resigned
Other Company Directorships
Vinay Fakey
BELLTOP LIMITED
CASTLE TEXTILES (NOTTINGHAM) LIMITED
CRAFTI TECH LTD
CRAFTWORLD (UK) LIMITED
DOVECRAFT (UK) LIMITED
DUAL TRIMMINGS LIMITED
JAY TRIM LIMITED
JESK INVESTMENTS LTD
MIDLAND FULFILMENT HUB LIMITED
MIDLAND GROUP HOLDINGS LIMITED
TRIMCRAFT LTD
Neelam Fakey
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2022 30-Dec-2021 30-Dec-2020
Balance Sheet
Fixed Assets 14,338 14,338 21,508
Current Assets 92,188 92,188 86,090
Creditors Due Within One Year 81,142 81,142 91,532
Working Cap 11,046 11,046 -5,442
Total Assets Less Current Liabilities 25,384 25,384 16,066
Long-term Liabilities 22,288 22,288 40,001
Net Assets 3,096 3,096 -23,935
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,096 3,096 -23,935
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2022 30-Dec-2021 30-Dec-2020
Tangible Fixed Assets - - -
Fixed Assets 13.5% 13.5% 20.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 86.5% 86.5% 80.0%
Creditors Due Within One Year 76.2% 76.2% 85.1%
Net Current Assets Liabilities 10.4% 10.4% -5.1%
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 2.9% 2.9% -22.2%
Capital Employed - - -
Total Assets Less Current Liabilities 23.8% 23.8% 14.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2022 30-Dec-2021 30-Dec-2020
Liquidity Ratio 1.1 1.1 0.9
Solvency Ratio 1.0 1.0 0.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2022 30-Dec-2021 30-Dec-2020
Assets 106,526 106,526 107,598
Debt 103,430 103,430 131,533
Net Assets/Debt 3,096 3,096 -23,935

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 appeared positive. We would normally view a company positively for this. 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 relatively small 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 following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 appeared positive. We would normally view a company positively for this. 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 relatively small 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 following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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 appeared positive. We would normally view a company positively for this. 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 relatively small 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 10 June 2025
Registered office address changed from 133 Glaisdale Drive West Bilborough Nottingham NG8 4GY England to C/O Bridgewood Financial Solutions Limited Cumberland House, 35 Park Row Nottingham NG1 6EE on 18 June 2024
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Registration of charge 030543550002, created on 7 March 2024
Termination of appointment of Satyen Fakey as a director on 1 February 2024
Termination of appointment of Robert George Bone as a director on 1 February 2024
Confirmation statement made on 9 July 2023 with no updates
Appointment of Mrs Neelam Fakey as a director on 1 September 2022
Appointment of Mr Satyen Fakey as a director on 1 September 2022
Appointment of Mr Robert George Bone as a director on 1 September 2022
Confirmation statement made on 9 July 2022 with no updates
Previous accounting period shortened from 31 December 2020 to 30 December 2020
Confirmation statement made on 9 July 2021 with no updates
Confirmation statement made on 30 March 2021 with no updates
Change of details for Mr Vinay Kumar Fakey as a person with significant control on 20 January 2021
Confirmation statement made on 1 April 2020 with no updates
Confirmation statement made on 1 April 2019 with updates
Notification of Vinay Kumar Fakey as a person with significant control on 2 January 2019
Termination of appointment of Alison Elizabeth Knowles as a secretary on 11 February 2019
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