Company Overview
Nimab Welfare Trust is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Tuesday 04 January 2005, so this is a well established company. Nimab Welfare Trust has been in business for 21 years and 2 months. The accounts status is unaudited abridged and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Nimab Community Centre Great Francis Street, Nechelles, Birmingham, West Midlands, B7 4QN
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Companies House Data
Company NameNIMAB WELFARE TRUST
Company Number05323060
Registered Office AddressNimab Community Centre Great Francis Street
 Nechelles
 B7 4QN
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/01/2005
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date28/02/2017
Returns Last Made Up Date31/01/2016
Directors & Members
Show Resigned
Adetokunbo Ajayi - Director
(British, 68 years old, born May 1958)
Appointed 04 January 2005
 Active
Ibitoye Ajeigbe - Director
(British, 69 years old, born May 1957)
Appointed 22 June 2018
 Active
Fola Kuti - Director
(British, 59 years old, born May 1967)
Appointed 04 January 2005
 Active
Azeez Olanrewaju - Director
(British, 68 years old, born May 1958)
Appointed 04 January 2005
 Active
Ismail Sadiq - Director
(Nigerian, 52 years old, born November 1974)
Appointed 07 April 2025
 Active
Habiba Sodeinde - Director
(British, 59 years old, born November 1967)
Appointed 04 January 2005
 Active
Secretaries
Show Resigned
Kehinde Kuti - Secretary
Appointed 17 March 2025
 Active
Other Company Directorships
Adetokunbo Ajayi
NIMAB HAJJ & UMRAH SERVICES LTD
Ibitoye Ajeigbe
MIDLANDS MEDICARE AGENCY LTD
MIDLANDS MEDICARE SERVICES LTD
SOLATOYE CIC
UNITED NIGERIA WELFARE ASSOCIATION
Fola Kuti
No companies found
Azeez Olanrewaju
No companies found
Ismail Sadiq
NIMAB HAJJ & UMRAH SERVICES LTD
Habiba Sodeinde
DEEN PAYROLL PERSONNEL & SERVICES LTD
MUSLIM FUSION LTD
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 173,423 173,423 123,593
Current Assets 37,693 37,693 7,358
Creditors Due Within One Year 17,303 17,303 6,000
Working Cap 20,390 20,390 1,358
Total Assets Less Current Liabilities 193,813 193,813 124,951
Long-term Liabilities 87,871 87,871 15,346
Net Assets 105,942 105,942 109,605
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 105,942 105,942 109,605
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 82.1% 82.1% 94.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 17.9% 17.9% 5.6%
Creditors Due Within One Year 8.2% 8.2% 4.6%
Net Current Assets Liabilities 9.7% 9.7% 1.0%
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 50.2% 50.2% 83.7%
Capital Employed - - -
Total Assets Less Current Liabilities 91.8% 91.8% 95.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Liquidity Ratio 2.2 2.2 1.2
Solvency Ratio 2.0 2.0 6.1
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-Mar-2024 31-Mar-2022 31-Mar-2021
Assets 211,116 211,116 130,951
Debt 105,174 105,174 21,346
Net Assets/Debt 105,942 105,942 109,605

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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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.

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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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.   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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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.

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 B7 4QN
No other companies found in the same location
Document Filings
Confirmation statement made on 31 January 2026 with no updates
Appointment of Mr Ismail Olayinka Sadiq as a director on 7 April 2025
Appointment of Mr Kehinde Olatunji Kuti as a secretary on 17 March 2025
Termination of appointment of Ismail Olayinka Sadiq as a secretary on 17 March 2025
Confirmation statement made on 31 January 2025 with no updates
Confirmation statement made on 31 January 2024 with no updates
Appointment of Mr Ismail Olayinka Sadiq as a secretary on 20 October 2023
Director's details changed for Dr Ibitoye Sakarriyah Ajeigbe on 20 October 2023
Director's details changed for Mr Fola Ibrahim Kuti on 20 October 2023
Director's details changed for Dr Ibitoye Sakarriyah Ajeigbe on 20 October 2023
Director's details changed for Adetokunbo Razaq Ajayi on 20 October 2023
Termination of appointment of Olumuyiwa Olukoya as a secretary on 11 October 2023
Director's details changed for Azeez Adegboyega Olanrewaju on 11 October 2023
Director's details changed for Mr Fola Ibrahim Kuti on 11 October 2023
Director's details changed for Adetokunbo Ajayi on 11 October 2023
Confirmation statement made on 31 January 2023 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 31 January 2022 with no updates
Confirmation statement made on 31 January 2021 with no updates
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