Company Overview
Business First Exchange Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 12 December 2016, so this is a well established company. Business First Exchange Ltd has been in business for 9 years and 3 months. The accounts status is micro entity and the accounts are next due on Tuesday 31 March 2026.
Registered Address

58 Peregrine Road (Office 170), Ilford, IG6 3SZ
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Companies House Data
Company NameBUSINESS FIRST EXCHANGE LTD
Company Number10519940
Registered Office Address58 Peregrine Road (Office 170)
 IG6 3SZ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date12/12/2016
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2026
Accounts Last Made Up Date30/06/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date09/01/2018
Previous Company NameChanged Date
JF EXCHANGE LTD22 Feb 2019
Directors & Members
Muhammad Al-Mamun - Director
(British, 41 years old, born January 1985)
Appointed 12 December 2016
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Muhammad Al-Mamun
BUSINESS FIRST SERVICES LTD
BUSINESS UTILITY LIMITED
JANNAT TRAVELS & TOURS LTD
JF PROPERTY INVESTMENTS LTD
NALAMS LTD
Balance Sheet Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Balance Sheet
Fixed Assets 6,492 6,492 8,115
Current Assets 46,049 46,049 57,236
Creditors Due Within One Year 4,678 4,678 13,514
Working Cap 41,371 41,371 43,722
Total Assets Less Current Liabilities 47,863 47,863 51,837
Long-term Liabilities 48,199 48,199 50,000
Net Assets -336 -336 1,837
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -336 -336 1,837
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Tangible Fixed Assets - - -
Fixed Assets 12.4% 12.4% 12.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 87.6% 87.6% 87.6%
Creditors Due Within One Year 8.9% 8.9% 20.7%
Net Current Assets Liabilities 78.7% 78.7% 66.9%
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 -0.6% -0.6% 2.8%
Capital Employed - - -
Total Assets Less Current Liabilities 91.1% 91.1% 79.3%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Liquidity Ratio 9.8 9.8 4.2
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 30-Jun-2024 30-Jun-2022 30-Jun-2021
Assets 52,541 52,541 65,351
Debt 52,877 52,877 63,514
Net Assets/Debt -336 -336 1,837

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 net assets figure is negative. 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. The balance sheet net assets figure is negative. 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. The balance sheet net assets figure is negative. 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
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Document Filings
Confirmation statement made on 11 December 2025 with no updates
Confirmation statement made on 11 December 2024 with no updates
Confirmation statement made on 11 December 2023 with no updates
Confirmation statement made on 11 December 2022 with no updates
Confirmation statement made on 11 December 2021 with no updates
Statement of capital following an allotment of shares on 1 January 2019
Confirmation statement made on 11 December 2020 with no updates
Director's details changed for Mr Muhammad Abdullah Al-Mamun on 24 December 2020
Registered office address changed from 74B Snakes Lane East Woodford Green IG8 7QQ England to 58 Peregrine Road (Office 170) Ilford IG6 3SZ on 21 November 2020
Registered office address changed from 252-262 Romford Road (Unit 401) London E7 9HZ England to 74B Snakes Lane East Woodford Green IG8 7QQ on 16 September 2020
Previous accounting period extended from 31 December 2019 to 30 June 2020
Registered office address changed from 54 Greenfield Road Choice Accountancy London E1 1EJ England to 252-262 Romford Road (Unit 401) London E7 9HZ on 14 August 2020
Confirmation statement made on 11 December 2019 with updates
Registered office address changed from 54 C/O Choice Accountancy 54 Greenfield Road London United Kingdom to 54 Greenfield Road Choice Accountancy London E1 1EJ on 2 January 2020
Director's details changed for Mr Muhammad Abdullah Al-Mamun on 24 April 2019
Registered office address changed from , 166a High Street North, London, E6 2JA, United Kingdom to 54 C/O Choice Accountancy 54 Greenfield Road London on 22 February 2019
Resolutions
Confirmation statement made on 11 December 2018 with no updates
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