Company Overview
Credence Trading Ltd is a Dissolved Private Limited Company.
Registered Address

8 Wasdale Drive, Cheadle, Gately, SK8 4RT
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Companies House Data
Company NameCREDENCE TRADING LTD
Company Number09847894
Registered Office Address8 Wasdale Drive
 Cheadle
 SK8 4RT
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date29/10/2015
Accounting Reference Date Day30
Accounting Reference Date Month10
Accounts Next Due Date30/07/2020
Accounts Last Made Up Date31/10/2018
Returns Next Due Date26/11/2016
Directors & Members
Ashish Bhatt - Director
(Indian, 52 years old, born May 1974)
Appointed 01 July 2016
 Active
Mitika Patel - Director
(British, 55 years old, born October 1971)
Appointed 29 October 2015
 Active
Secretaries
Mitika Patel - Secretary
Appointed 29 October 2015
 Active
Other Company Directorships
Ashish Bhatt
ABSOLUTE WINES LTD
Mitika Patel
ABSOLUTE WINES LTD
ASTAA LIMITED
BUDDHA'S CAFE LTD
GEORGE NOBLE LIMITED
MJ HOME IMPROVEMENT LTD
Balance Sheet Unlock full report
Accounts Date 31-Oct-2018 31-Oct-2017 31-Oct-2016
Balance Sheet
Fixed Assets 10,563 13,204 7,890
Current Assets 18,565 30,477 30,562
Creditors Due Within One Year 154,811 123,727 86,431
Working Cap -136,246 -93,250 -55,869
Total Assets Less Current Liabilities -125,683 -80,046 -47,979
Long-term Liabilities 1,000 1,000 0
Net Assets -126,683 -81,046 -47,979
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -126,683 -81,046 -47,979
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2018 31-Oct-2017 31-Oct-2016
Tangible Fixed Assets - - -
Fixed Assets 36.3% 30.2% 20.5%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 63.7% 69.8% 79.5%
Creditors Due Within One Year 531.5% 283.3% 224.8%
Net Current Assets Liabilities -467.7% -213.5% -145.3%
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 -434.9% -185.5% -124.8%
Capital Employed - - -
Total Assets Less Current Liabilities -431.5% -183.3% -124.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2018 31-Oct-2017 31-Oct-2016
Liquidity Ratio 0.1 0.2 0.4
Solvency Ratio 0.2 0.4 0.4
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2018 31-Oct-2017 31-Oct-2016
Assets 29,128 43,681 38,452
Debt 155,811 124,727 86,431
Net Assets/Debt -126,683 -81,046 -47,979
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 SK8 4RT
ABSOLUTE WINES LTD
8 Wasdale Drive, Cheadle, Gately, SK8 4RT
GIRI PROPERTIES LTD
10 WASDALE DRIVE, GATLEY, CHEADLE, CHESHIRE, SK8 4RT
BUDDHA'S CAFE LTD
8 Wasdale Drive, Cheadle, Gately, SK8 4RT
56 CASTLEWOOD ROAD FLAT OWNERS LIMITED
10 Wasdale Drive, Gatley, Cheadle, Cheshire, SK8 4RT
Document Filings
Final Gazette dissolved via voluntary strike-off
Voluntary strike-off action has been suspended
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Satisfaction of charge 098478940001 in full
Confirmation statement made on 28 October 2019 with no updates
Previous accounting period shortened from 31 October 2018 to 30 October 2018
Confirmation statement made on 28 October 2018 with no updates
Confirmation statement made on 28 October 2017 with no updates
Registration of charge 098478940001, created on 7 April 2017
Compulsory strike-off action has been discontinued
Confirmation statement made on 28 October 2016 with updates
First Gazette notice for compulsory strike-off
Appointment of Mr Ashish Bhatt as a director on 1 July 2016
Incorporation
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