Company Overview
Lowcostbeds.Com Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Wednesday 28 December 2005, so this is a well established company. Lowcostbeds.Com Limited has been in business for 20 years and 3 months. The accounts status is group and the accounts are next due on Tuesday 31 January 2017.
Registered Address

C/O Evelyn Partners Llp, 45 Gresham Street, London, EC2V 7BG
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Companies House Data
Company NameLOWCOSTBEDS.COM LIMITED
Company Number05663370
Registered Office AddressC/O Evelyn Partners Llp
 45 Gresham Street
 EC2V 7BG
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date28/12/2005
Accounting Reference Date Day30
Accounting Reference Date Month4
Accounts Next Due Date31/01/2017
Accounts Last Made Up Date31/10/2014
Accounts Account CategoryGROUP
Returns Next Due Date25/01/2017
Returns Last Made Up Date28/12/2015
Previous Company NameChanged Date
CLEMTASK LIMITED08 Feb 2006
Directors & Members
Show Resigned
Paul Evans - Director
(British, 67 years old, born July 1959)
Appointed 11 January 2006
Active
Salman Rasool - Director
(British, 47 years old, born September 1979)
Appointed 27 May 2008
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Balance Sheet
Fixed Assets 447,381 717,269 862,241
Current Assets 121,645,233 43,836,434 51,932,663
Creditors Due Within One Year 121,286,884 43,822,258 51,799,366
Working Cap 358,349 14,176 133,297
Total Assets Less Current Liabilities 805,730 731,445 995,538
Long-term Liabilities 0 0 0
Net Assets 805,730 731,445 995,538
Share Capital & Reserves
Share Cap 2 2 2
Profit & Loss Reserves 716,287 731,443 995,536
Other Reserves 89,441 0 0
Shareholders Funds 805,730 731,445 995,538
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Tangible Fixed Assets - - -
Fixed Assets 0.4% 1.6% 1.6%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 97.5% 50.5% 43.7%
Cash Bank In Hand 2.1% 10.8% 11.1%
Current Assets 99.6% 98.4% 98.4%
Creditors Due Within One Year 99.3% 98.4% 98.1%
Net Current Assets Liabilities 0.3% 0.0% 0.3%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 0.7% 1.6% 1.9%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 0.6% 1.6% 1.9%
Shareholder Funds 0.7% 1.6% 1.9%
Capital Employed - - -
Total Assets Less Current Liabilities 0.7% 1.6% 1.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Liquidity Ratio 1.0 1.0 1.0
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets 0.0 0.0 0.0
Secured Creditors Unlock full report
Mortgages Charges 5
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Assets 122,092,614 44,553,703 52,794,904
Debt 121,286,884 43,822,258 51,799,366
Net Assets/Debt 805,730 731,445 995,538
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. 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. 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. 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
Other Business around EC2V 7BG
No other companies found in the same location
Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 23 July 2024
Liquidators' statement of receipts and payments to 23 July 2023
Liquidators' statement of receipts and payments to 23 July 2022
Registered office address changed from 25 Moorgate London EC2R 6AY to C/O Evelyn Partners Llp 45 Gresham Street London EC2V 7BG on 18 July 2022
Liquidators' statement of receipts and payments to 23 July 2021
Liquidators' statement of receipts and payments to 23 July 2020
Liquidators' statement of receipts and payments to 23 July 2019
Appointment of a voluntary liquidator
Notice of move from Administration case to Creditors Voluntary Liquidation
Administrator's progress report
Notice of extension of period of Administration
Administrator's progress report to 14 January 2017
Statement of administrator's proposal
Statement of affairs with form 2.14B/2.15B
Result of meeting of creditors
Registered office address changed from Spectrum House Beehive Ring Road London Gatwick Airport Gatwick West Sussex RH6 0LG England to 25 Moorgate London EC2R 6AY on 1 August 2016
Appointment of an administrator
Current accounting period extended from 31 October 2015 to 30 April 2016
Auditor's resignation
Annual return made up to 28 December 2015 with full list of shareholders
Termination of appointment of J P Secretarial Services Limited as a secretary on 10 March 2016
Registered office address changed from East House 109 South Worple Way London SW14 8TN to Spectrum House Beehive Ring Road London Gatwick Airport Gatwick West Sussex RH6 0LG on 29 October 2015
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