GENUINE NEEDS LTD
Company number 12831729 · Active · Lincoln LN6 9XW
GENUINE NEEDS LTD is an active private limited company (company number 12831729) incorporated on 24 August 2020, registered in Lincoln. Its registered activity is regulation of and contribution to more efficient operation of businesses (SIC 84130). Latest micro accounts cover the period ending 31 August 2025, showing net assets of £911, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 19% on the prior period (£1,131).
By net assets it sits in the lower half of 56 comparable companies in Other (median £1,791, upper quartile £30k).
Key dates
- Incorporated
- 24 August 2020
- Next accounts due
- 31 May 2027 — in 227 days
- Confirmation statement due
- 7 September 2027 — in 326 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 84130
- Regulation of and contribution to more efficient operation of businesses
- SIC 85600
- Educational support services
- Accounts type
- Micro Entity
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 August 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 August 2025 | £911 | — | — | £1,499 | — | — | 1 |
| 31 August 2024 | £1,131 | — | — | £1,664 | — | — | 1 |
- Current ratio
- 0.39 — current liabilities exceed current assets
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
Firmoscan score: 60/100 (grade C)
- +10 Positive net assets — Net assets £911 at 2025-08-31
- -8 Current liabilities exceed current assets — Current ratio 0.39
- +8 Established — Incorporated 2020-08-24 (6 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Mr Ayodeji Michael Familola — has significant influence or control · since 24 August 2020
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in the UK
Same activity (regulation of and contribution to more efficient operation of businesses), closest in incorporation date.
- RHM PRECISION CLEANING LTD — Spennymoor, inc. Sept 2020
- AMERICAN PHOENIX LTD — St. Neots, inc. Sept 2020
- DUFFIE LTD — Kington, inc. Jun 2020
- DREAMY PONIES LIMITED — Poole, inc. Nov 2020
- HONEY BADGER CLAN LTD — Northwich, inc. Jun 2020
- MAR BUSINESS COACHING LIMITED — Taunton, inc. Feb 2021
Reminders for GENUINE NEEDS LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.