Company Overview
Karrek Financial Management Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Saturday 09 April 2005, so this is a well established company. Karrek Financial Management Limited has been in business for 20 years and 11 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

9 Hilgrove Road, Newquay, Cornwall, TR7 2QY
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Companies House Data
Company NameKARREK FINANCIAL MANAGEMENT LIMITED
Company Number05420119
Registered Office Address9 Hilgrove Road
 Newquay
 TR7 2QY
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/04/2005
Accounting Reference Date Day30
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date07/05/2017
Returns Last Made Up Date09/04/2016
Directors & Members
Richard Olive - Director
(British, 56 years old, born May 1970)
Appointed 01 January 2022
 Active
Andrew Turner - Director
(British, 62 years old, born May 1964)
Appointed 09 April 2005
 Active
Secretaries
Show Resigned
Richard Olive - Secretary
(British)
Appointed 26 May 2005
 Active
Other Company Directorships
Richard Olive
No companies found
Andrew Turner
AK PROPERTY SOUTHWEST LIMITED
CAS AVIATION SERVICES LIMITED
CORNWALL FLYING CLUB LIMITED
HEALTH AND CARE AT HOME LTD
KALEIDOSCOPE MARKETING LIMITED
KARREK ACCOUNTANTS LIMITED
KARREK MORTGAGE COMPANY LIMITED
MARKET STREET PROPERTIES (SOUTH WEST) LIMITED
MTB INVESTMENT PROPERTIES LIMITED
OPENWORK PARTNERSHIP LLP
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 875,658 875,658 887,919
Current Assets 1,022,441 1,022,441 1,121,092
Creditors Due Within One Year 91,600 91,600 211,266
Working Cap 930,841 930,841 909,826
Total Assets Less Current Liabilities 1,806,499 1,806,499 1,797,745
Long-term Liabilities 169,709 169,709 203,906
Net Assets 1,636,790 1,636,790 1,593,839
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,636,790 1,636,790 1,593,839
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 46.1% 46.1% 44.2%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand 25.8% 25.8% 34.1%
Current Assets 53.9% 53.9% 55.8%
Creditors Due Within One Year 4.8% 4.8% 10.5%
Net Current Assets Liabilities 49.0% 49.0% 45.3%
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 86.2% 86.2% 79.3%
Capital Employed - - -
Total Assets Less Current Liabilities 95.2% 95.2% 89.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 11.2 11.2 5.3
Solvency Ratio 7.3 7.3 4.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 1,898,099 1,898,099 2,009,011
Debt 261,309 261,309 415,172
Net Assets/Debt 1,636,790 1,636,790 1,593,839

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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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
Previous accounting period shortened from 31 December 2024 to 30 December 2024
Confirmation statement made on 27 April 2025 with updates
Confirmation statement made on 27 April 2024 with updates
Statement of capital following an allotment of shares on 1 December 2022
Confirmation statement made on 27 April 2023 with updates
Confirmation statement made on 28 April 2022 with updates
Appointment of Mr Richard Thomas Olive as a director on 1 January 2022
Current accounting period shortened from 30 April 2021 to 31 December 2020
Confirmation statement made on 28 April 2021 with updates
Director's details changed for Mr Andrew Simon Turner on 11 June 2021
Change of details for Andrew Simon Turner as a person with significant control on 11 June 2021
Change of details for Mr Andrew Turner as a person with significant control on 1 May 2020
Statement of capital following an allotment of shares on 1 May 2020
Confirmation statement made on 28 April 2020 with updates
Confirmation statement made on 9 April 2020 with updates
Confirmation statement made on 9 April 2019 with updates
Statement of capital following an allotment of shares on 30 April 2018
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