ASCE LIMITED

490 VICTORIA ROAD, GLASGOW, LANARKSHIRE, G42 8YJ

Company Number: SC423876
Incorporation date: 11-May-2012
Status: Active - Proposal to Strike off
Entity type: Private Limited Company

SIC codes:
46150 Agents involved in the sale of furniture, household goods, hardware and ironmongery





SUMMARY

This company is 11.9 years old and is currently active - proposal to strike off. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -7.2 thousand which has worsened since the previous year's figure of GBP -4.2 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -3 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -7.3 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 9 other companies, 4 (44.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2023
Accounts Filed: TOTAL EXEMPTION FULL (31-Mar-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-May-2020 GBP 4,086 298
31-May-2019 GBP 6,922 2,374
31-May-2018 GBP 5,432 -167
31-May-2017 GBP 5,869 -1,424
31-May-2016 GBP 5,666 -2,705 114 -2,705
31-May-2015 GBP -611 53
31-May-2014 monetaryAccounts -153
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2022 GBP 40,593 40,918 10,972 37,120 100 -7,274 -7,174
31-May-2021 GBP 48,266 50,914 55,077 100 -4,263 -4,163
31-May-2020 GBP 1,309 5,828 -4,419
31-May-2019 GBP 290 5,051 -4,661
31-May-2018 GBP 585 5,812 -5,127
31-May-2017 GBP 697 5,757 -4,960
31-May-2016 GBP 85 3 3,639 100 -3,636 -3,536
31-May-2015 GBP 476 495 1,212 100 -817 -717
31-May-2014 monetaryAccounts 210 224 277 100 -153 -53
31-May-2013 monetaryAccounts 341 341 241 100 100

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-May-2021 GBP 100.00% 100 0 100 -24,083
31-May-2017 GBP inf% -100 100 0 8
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Ahmad SAID 11 May 2012 29 Mar 2022 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Sajid MAJEED 29 Mar 2022 Director British 5 - 78 (66.7%)
Active Mohsin MAJEED 29 Mar 2022 Sales Director British 5 - 02 (40.0%)
Resigned Parvase MAJEED 11 May 2012 01 Nov 2019 Accountant British 1 - 11 (50.0%)
Resigned Ahmad SAID 11 May 2012 29 Mar 2022 Professional Cricketer Pakistani 0 - 11 (100.0%)
Number of active directors: 2
Average tenure of active directors: 2.0 years
Average tenure of resigned directors: 8.7 years
Average active director Dissolution Rate: 53.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
IN-EX HOMECARE LTD (SC194638) - Liquidation
IN-EX PROPERTIES (SCOTLAND) LTD (SC252397) - Dissolved
INEX HOMECARE (SCOTLAND) LIMITED (SC266752) - Active
BRIDGETON COUNTERS LIMITED (SC274913) - Active
SEND & SPEND LIMITED (SC291269) - Dissolved
INSIDE EDGE INVESTMENTS LTD (SC317723) - Dissolved
CRICKET SCOTLAND COUNCIL LIMITED (SC390910) - Active
ASCE LIMITED (SC423876) - Active - Proposal to Strike off
MAJEED HOLDINGS LIMITED (SC711664) - Active
DELTA HOMECARE LTD (SC788612) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ASCE LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46150 Agents involved in the sale of furniture, household goods, hardware and ironmongery)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ERGONOM LIMITED 12-16 FITZROY STREET, LONDON, ENGLAND, W1T 4BL 00963271 2017-12-31 34,815,907 0 47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
ALLGOOD SECURE LTD 63 - 83 BREARLEY STREET, BIRMINGHAM, B19 3NT 01608278 2017-11-30 1,706,825 0
MALETTI UK LIMITED 58-60 STAMFORD STREET, LONDON, SE1 9LX 07677656 2017-12-31 851,313 0
COMMERCIAL HANGERS LIMITED 9A THE RIDGEWAY, HESWALL, WIRRAL, ENGLAND, CH60 8NB 04808554 2017-12-31 476,500 0
APPART LIMITED 63 - 83 BREARLEY STREET, BIRMINGHAM, B19 3NT 00851558 2018-11-30 406,267 0
STARKY LTD 19 LEYDEN STREET, LONDON, ENGLAND, E1 7LE 09757931 2017-12-31 191,452 0
VEGA DIRECT COMMERCIAL SUPPLIES LTD UNIT 18, JAVELIN ROAD, NORWICH, ENGLAND, NR6 6HP 06092261 2019-02-28 189,397 0
REPUBLIC LIVING LIMITED 258A WIGHTMAN ROAD, WIGHTMAN ROAD, LONDON, ENGLAND, N8 0LY 09590787 2018-05-31 104,744 0
TYNDALE BAKER LIMITED 24 HEATHERFIELD, BURITON, PETERSFIELD, ENGLAND, GU31 5RY 04690384 2018-05-31 99,929 0 46160-Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
46190-Agents involved in the sale of a variety of goods
WALTER ASPINALL ANTIQUES LIMITED RIDEHALGH LTD GUARDIAN HOUSE, 42 PRESTON NEW ROAD, BLACKBURN, ENGLAND, BB2 6AH 03893834 2018-03-31 75,528 0
DHONI LIMITED 2-4 STONELEIGH PARK ROAD, EPSOM, ENGLAND, KT19 0QT 06165571 2018-03-31 50,400 0
DISCOUNT BLINDS DIRECT LIMITED BELLEVUE HOUSE, ALTHORP ROAD, LONDON, SW17 7ED 05900393 2018-12-31 28,032 0
EDC LONDON LIMITED 204 HERNE HILL ROAD, LONDON, SE24 0AE 07261149 2018-03-31 14,769 0
DMX TECHNOLOGIES LTD 51 SEAGOE ROAD, PORTADOWN, ARMAGH, BT63 5HW NI606912 2018-03-31 12,650 0
MORRIS PARKER LIMITED 35 LEBANON GROVE, BURNTWOOD, STAFFORDSHIRE, WS7 2BE 05499575 2017-05-31 10,503 0
HIMALAYAN4U LIMITED 7 ORCHARD CLOSE, COSGROVE, MILTON KEYNES, ENGLAND, MK19 7FA 10767601 2018-05-31 8,040 0 47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
V&V GROUP LTD 71-75 SHELTON STREET, COVENT GARDEN, LONDON, ENGLAND, WC2H 9JQ 10386620 2018-09-30 3,041 0 46470-Wholesale of furniture, carpets and lighting equipment
46650-Wholesale of office furniture
47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
ORSON HOLDING LTD KEMP HOUSE, 160 CITY ROAD, LONDON, UNITED KINGDOM, EC1V 2NX 10590477 2018-12-31 300 0 46160-Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
64303-Activities of venture and development capital companies
68100-Buying and selling of own real estate
ALANCARA LTD 64 64 BERGENIA HOUSE, BEDFONT LANE, FELTHAM, ENGLAND, TW13 4GE 06976436 2018-07-31 270 0 62012-Business and domestic software development
62020-Information technology consultancy activities
AJM LOGISTICS LTD 28 KINGS AVENUE, PENN HILL, POOLE, DORSET, ENGLAND, BH14 9QG 08832885 2018-04-30 0 0
ALLGOOD HOLDINGS LTD 63-83 BREARLEY STREET, BIRMINGHAM, B19 3NT 00360355 2018-11-30 0 0
INTRODOS LIMITED 11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG 09229348 2018-09-30 0 0 46170-Agents involved in the sale of food, beverages and tobacco
46510-Wholesale of computers, computer peripheral equipment and software
RONNIE WANG LIMITED 259 THROSTLE PLACE, BOUNDARY WAY, WATFORD, HERTFORDSHIRE, WD25 7SX 08655391 2018-08-31 0 0

LIQUIDATION RISK (BETA)



This company is Active - Proposal to Strike off. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 71.1% 73.9% 76.8% High
Other companies Active in the same sector 0.0% 2.3% 8.8% Medium
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
Do you have a dispute with a business?
Make it public