Company Overview
Glorious Solutions Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 07 May 2009, so this is a well established company. Glorious Solutions Limited has been in business for 15 years. The accounts status is full and the accounts are next due on Sunday 31 March 2019.
Registered Address

Media Park, 40B River Road, Barking, IG11 0DW
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Companies House Data
Company NameGLORIOUS SOLUTIONS LIMITED
Company Number06899012
Registered Office AddressMedia Park
 40b River Road
 IG11 0DW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/05/2009
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2019
Accounts Last Made Up Date30/06/2017
Accounts Account CategoryFULL
Returns Next Due Date04/06/2017
Returns Last Made Up Date07/05/2016
Directors & Members
Show Resigned
Ofir Mor - Director
(British, 55 years old, born November 1969)
Sales Manager - Appointed 11 May 2009
Active
Secretaries
Show Resigned
Ofir Mor - Secretary
(British)
Sales Manager - Appointed 11 May 2009
Active
Balance Sheet Unlock full report
Accounts Date 30-Jun-2017 31-Dec-2014 31-Dec-2013
Balance Sheet
Fixed Assets 4,250,629 4,250,629 3,791,713
Current Assets 14,097,121 14,097,121 15,577,260
Creditors Due Within One Year 11,463,724 11,463,724 12,515,153
Working Cap 2,633,397 2,633,397 3,062,107
Total Assets Less Current Liabilities 6,884,026 6,884,026 6,853,820
Long-term Liabilities 858,699 858,699 1,140,385
Net Assets 6,025,327 6,025,327 5,713,435
Share Capital & Reserves
Share Cap 564 564 564
Profit & Loss Reserves 4,025,045 4,025,045 3,713,153
Other Reserves 1,999,718 1,999,718 1,999,718
Shareholders Funds 6,025,327 6,025,327 5,713,435
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2017 31-Dec-2014 31-Dec-2013
Tangible Fixed Assets - - -
Fixed Assets 23.2% 23.2% 19.6%
Stocks Inventory 11.3% 11.3% 13.5%
Debtors 34.8% 34.8% 26.6%
Cash Bank In Hand 0.0% 0.0% 12.5%
Current Assets 76.8% 76.8% 80.4%
Creditors Due Within One Year 62.5% 62.5% 64.6%
Net Current Assets Liabilities 14.4% 14.4% 15.8%
Creditors Due After One Year 4.7% 4.7% 5.9%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 32.8% 32.8% 29.5%
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 21.9% 21.9% 19.2%
Shareholder Funds 32.8% 32.8% 29.5%
Capital Employed - - -
Total Assets Less Current Liabilities 37.5% 37.5% 35.4%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2017 31-Dec-2014 31-Dec-2013
Liquidity Ratio 1.2 1.2 1.2
Solvency Ratio 1.5 1.5 1.4
Reserves to Assets 0.2 0.2 0.2
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2017 31-Dec-2014 31-Dec-2013
Assets 18,347,750 18,347,750 19,368,973
Debt 12,322,423 12,322,423 13,655,538
Net Assets/Debt 6,025,327 6,025,327 5,713,435

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 amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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.

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 amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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.   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 amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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.

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
Final Gazette dissolved via compulsory strike-off
First Gazette notice for compulsory strike-off
Confirmation statement made on 7 May 2018 with no updates
Confirmation statement made on 7 May 2017 with updates
Notification of Ofir Mor as a person with significant control on 6 April 2016
Current accounting period extended from 31 December 2016 to 30 June 2017
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Annual return made up to 7 May 2016 with full list of shareholders
Termination of appointment of Naim Mor as a director on 15 March 2016
Annual return made up to 7 May 2015 with full list of shareholders
Annual return made up to 7 May 2014 with full list of shareholders
Director's details changed for Mr Ofir Mor on 7 May 2011
Secretary's details changed for Mr Ofir Mor on 7 May 2011
Annual return made up to 7 May 2013 with full list of shareholders
Particulars of a mortgage or charge / charge no: 4
Annual return made up to 7 May 2012 with full list of shareholders
Director's details changed for Mr Qfir Mor on 28 May 2012
Secretary's details changed for Mr Qfir Mor on 28 May 2012

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