Company Overview
Gorton Payless Ltd is a Dissolved Private Limited Company.
Registered Address

C/O Xeinadin Corporate Recovery, 100 Barbirolli Square, Manchester, M2 3BD
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Companies House Data
Company NameGORTON PAYLESS LTD
Company Number05713560
Registered Office AddressC/O XEINADIN CORPORATE RECOVERY
 100 Barbirolli Square
 M2 3BD
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date17/02/2006
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date30/11/2021
Accounts Last Made Up Date29/02/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date08/05/2017
Returns Last Made Up Date10/04/2016
Directors & Members
Adrian Hunt - Director
(British, 63 years old, born June 1963)
Appointed 17 February 2006
 Active
Paul Hunt - Director
(British, 68 years old, born April 1958)
Appointed 17 February 2006
 Active
Secretaries
Adrian Hunt - Secretary
(British)
Appointed 17 February 2006
 Active
Other Company Directorships
Adrian Hunt
No companies found
Paul Hunt
No companies found
Balance Sheet Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Balance Sheet
Fixed Assets 42,206 49,242 56,285
Current Assets 47,894 42,595 67,127
Creditors Due Within One Year 104,621 104,478 113,903
Working Cap -56,727 -61,883 -46,776
Total Assets Less Current Liabilities -14,521 -12,641 9,509
Long-term Liabilities 2,750 2,672 8,838
Net Assets -17,271 -15,313 671
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -17,271 -15,313 671
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Tangible Fixed Assets - - -
Fixed Assets 46.8% 53.6% 45.6%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 53.2% 46.4% 54.4%
Creditors Due Within One Year 116.1% 113.8% 92.3%
Net Current Assets Liabilities -63.0% -67.4% -37.9%
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 -19.2% -16.7% 0.5%
Capital Employed - - -
Total Assets Less Current Liabilities -16.1% -13.8% 7.7%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2020 28-Feb-2019 28-Feb-2018
Liquidity Ratio 0.5 0.4 0.6
Solvency Ratio 0.8 0.9 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 28-Feb-2020 28-Feb-2019 28-Feb-2018
Assets 90,100 91,837 123,412
Debt 107,371 107,150 122,741
Net Assets/Debt -17,271 -15,313 671
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 M2 3BD
No other companies found in the same location
Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Registered office address changed from C/O Kay Johnson Gee Corporate Recovery Limited 1 City Road East Manchester M15 4PN to 100 Barbirolli Square Manchester M2 3BD on 4 August 2023
Liquidators' statement of receipts and payments to 6 April 2023
Registered office address changed from 528 - 532 Hyde Road, Gorton Manchester Lancashire M18 7AA to C/O Kay Johnson Gee Corporate Recovery Limited 1 City Road East Manchester M15 4PN on 15 April 2022
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Compulsory strike-off action has been discontinued
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 10 April 2021 with no updates
Confirmation statement made on 10 April 2020 with no updates
Compulsory strike-off action has been discontinued
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 10 April 2019 with updates
Confirmation statement made on 10 April 2018 with no updates
Confirmation statement made on 10 April 2017 with updates
Compulsory strike-off action has been discontinued
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