Company Overview
Locally Sourced Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 22 May 2015, so this is a well established company. Locally Sourced Limited has been in business for 10 years and 10 months. The accounts status is micro entity and the accounts are next due on Sunday 28 February 2027.
Registered Address

Derngate Mews, Derngate, Northampton, Northamptonshire, NN1 1UE
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Companies House Data
Company NameLOCALLY SOURCED LIMITED
Company Number09605583
Registered Office AddressDerngate Mews
 Derngate
 NN1 1UE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/05/2015
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2027
Accounts Last Made Up Date31/05/2025
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date19/06/2017
Returns Last Made Up Date22/05/2016
Directors & Members
Show Resigned
Michelle Higgs - Director
(British, 48 years old, born February 1978)
Appointed 22 May 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Michelle Higgs
COMMONN LTD
Balance Sheet Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Balance Sheet
Fixed Assets 1,622 1,622 2,342
Current Assets 19,618 19,618 21,224
Creditors Due Within One Year 9,397 9,397 9,354
Working Cap 10,221 10,221 11,870
Total Assets Less Current Liabilities 11,843 11,843 14,212
Long-term Liabilities 11,823 11,823 13,500
Net Assets 20 20 712
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 20 20 712
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Tangible Fixed Assets - - -
Fixed Assets 7.6% 7.6% 9.9%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 92.4% 92.4% 90.1%
Creditors Due Within One Year 44.2% 44.2% 39.7%
Net Current Assets Liabilities 48.1% 48.1% 50.4%
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 0.1% 0.1% 3.0%
Capital Employed - - -
Total Assets Less Current Liabilities 55.8% 55.8% 60.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Liquidity Ratio 2.1 2.1 2.3
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Assets 21,240 21,240 23,566
Debt 21,220 21,220 22,854
Net Assets/Debt 20 20 712

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 has some deficiency. The balance sheet displays a very modest amount of 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.

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 has some deficiency. The balance sheet displays a very modest amount of 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 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 has some deficiency. The balance sheet displays a very modest amount of 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.

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
Voluntary strike-off action has been suspended
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Previous accounting period extended from 31 March 2025 to 31 May 2025
Confirmation statement made on 6 July 2025 with updates
Termination of appointment of Mark David Higgs as a director on 31 May 2025
Registered office address changed from Jasmine Cottage Church Street Boughton Northampton Northamptonshire NN2 8SG United Kingdom to Derngate Mews Derngate Northampton Northamptonshire NN1 1UE on 22 November 2024
Change of share class name or designation
Confirmation statement made on 6 July 2024 with no updates
Previous accounting period shortened from 31 May 2023 to 31 March 2023
Confirmation statement made on 6 July 2023 with no updates
Confirmation statement made on 6 July 2022 with updates
Confirmation statement made on 3 July 2022 with no updates
Confirmation statement made on 19 June 2021 with no updates
Change of details for Mrs Michelle Higgs as a person with significant control on 15 March 2021
Change of details for Mr Mark David Higgs as a person with significant control on 15 March 2021
Director's details changed for Mrs Michelle Cubos Higgs on 15 March 2021
Director's details changed for Mr Mark David Higgs on 15 March 2021
Registered office address changed from 19 East Street Northampton Northamptonshire NN1 5JZ United Kingdom to Jasmine Cottage Church Street Boughton Northampton Northamptonshire NN2 8SG on 17 March 2021
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