BASEMENT COCKTAILS LTD Credit Check Report

Company Overview

Basement Cocktails Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 16 September 2019. Basement Cocktails Ltd has been in business for 6 years and 6 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.

Registered Address

Suite 44 Azure Business Centre, High Street, Newburn, Tyne & Wear, NE15 8LN

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Companies House Data

Company Name	BASEMENT COCKTAILS LTD
Company Number	12208866
Registered Office Address	Suite 44 Azure Business Centre
	High Street
	NE15 8LN
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	16/09/2019
Accounting Reference Date Day	31
Accounting Reference Date Month	12
Accounts Next Due Date	30/09/2026
Accounts Last Made Up Date	31/12/2024
Accounts Account Category	TOTAL EXEMPTION FULL
Returns Next Due Date	14/10/2020

Directors & Members

	Luke Comer - Director (British, 35 years old, born March 1991) Appointed 16 September 2019	Active
	Neil Donachie - Director (British, 37 years old, born August 1989) Appointed 01 April 2022	Active
	Craig Huntingdon - Director (British, 53 years old, born November 1973) Appointed 02 June 2025	Active

Secretaries

No Secretaries Appointed

Other Company Directorships

Balance Sheet

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Accounts Date	31-Dec-2024	31-Dec-2022	31-Dec-2021
Balance Sheet
Fixed Assets	77,198	77,198	43,607
Current Assets	74,372	74,372	51,434
Creditors Due Within One Year	92,190	92,190	65,377
Working Cap	-17,818	-17,818	-13,943
Total Assets Less Current Liabilities	59,380	59,380	29,664
Long-term Liabilities	58,606	58,606	44,318
Net Assets	774	774	-14,654
Share Capital & Reserves
Share Cap	-	-	-
Profit & Loss Reserves	-	-	-
Other Reserves	-	-	-
Shareholders Funds	774	774	-14,654

Common Size Financial Analysis

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Accounts Date	31-Dec-2024	31-Dec-2022	31-Dec-2021
Tangible Fixed Assets	-	-	-
Fixed Assets	50.9%	50.9%	45.9%
Stocks Inventory	-	-	-
Debtors	21.8%	21.8%	5.3%
Cash Bank In Hand	20.7%	20.7%	39.4%
Current Assets	49.1%	49.1%	54.1%
Creditors Due Within One Year	60.8%	60.8%	68.8%
Net Current Assets Liabilities	-11.8%	-11.8%	-14.7%
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	0.5%	0.5%	-15.4%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	39.2%	39.2%	31.2%

Financial Ratio Analysis

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Accounts Date	31-Dec-2024	31-Dec-2022	31-Dec-2021
Liquidity Ratio	0.8	0.8	0.8
Solvency Ratio	1.0	1.0	0.9
Reserves to Assets	-	-	-

Secured Creditors

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Mortgages Charges	0
Mortgages Outstanding	0
Mortgages Part Satisfied	0
Mortgages Satisfied	0

Assets and Debt Analysis

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Accounts Date	31-Dec-2024	31-Dec-2022	31-Dec-2021
Assets	151,570	151,570	95,041
Debt	150,796	150,796	109,695
Net Assets/Debt	774	774	-14,654

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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.

As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. 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.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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

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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

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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

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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

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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

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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)

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

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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

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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

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