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Polesworth Garage Limited

00903691

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 19 outstanding charges (-10)

Details

GRENDON ROAD, TAMWORTH, B78 1HA
Incorporated 14/04/1967

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01110
Growing of cereals (except rice), leguminous crops and oil seeds
45112
Sale of used cars and light motor vehicles

Officers

Mr Martin Richard Newbold

director · Since 08/04/1991

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 5 other boards

Mr Andrew John Marven

secretary · Since 01/01/1994

FINANCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 8 other boards

Mr Andrew John Marven

director · Since 01/01/1997

FINANCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 8 other boards

Persons with Significant Control

Mr Martin Richard Newbold

75–100% shares
75–100% votes
Appoint directors

British · England · Age 60

Grendon Road, Tamworth, B78 1HA

Notified 08/01/2018

Former PSCs

Mr Jamie Newbold

Ceased 05/02/2018

Mr Estate Of William Ronald Newbold

Ceased 28/09/2017

Charges19 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 09/03/2023Registered 09/03/2023
Charge
outstanding

LLOYDS BANK PLC

Created 09/03/2023Registered 09/03/2023
Charge
outstanding

LLOYDS BANK PLC

Created 05/02/2021Registered 09/02/2021
Charge
satisfied

LLOYDS BANK PLC

Created 06/11/2018Registered 15/11/2018Satisfied 17/11/2021
Charge
outstanding

LLOYDS BANK PLC

Created 13/04/2018Registered 17/04/2018
Charge
satisfied

LLOYDS BANK PLC

Created 13/04/2018Registered 17/04/2018Satisfied 28/05/2021
Charge
outstanding

LLOYDS BANK PLC

Created 04/04/2018Registered 11/04/2018
Charge
outstanding

LLOYDS BANK PLC

Created 13/03/2017Registered 15/03/2017
Charge
outstanding

LLOYDS BANK PLC

Created 27/03/2015Registered 31/03/2015
Charge
outstanding

LLOYDS BANK PLC

Created 28/08/2014Registered 08/09/2014
Charge
outstanding

LLOYDS BANK PLC

Created 28/08/2014Registered 08/09/2014
Charge
outstanding

LLOYDS BANK PLC

Created 28/08/2014Registered 08/09/2014
Charge
outstanding

LLOYDS TSB BANK PLC

Created 18/09/2013Registered 19/09/2013
Charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 06/09/2013Registered 16/09/2013Satisfied 13/08/2020
charge
satisfied

HITACHI CAPITAL (UK) PLC

Created 21/12/2012Registered 22/12/2012Satisfied 12/03/2013
charge
outstanding

LLOYDS TSB BANK PLC

Created 14/12/2012Registered 19/12/2012
charge
outstanding

MARTIN RICHARD NEWBOLD (TRUSTEE OF THE POLESWORTH RETIREMENT BENEFIT SCHEME) KEN HOVERS (PENSIO

Created 12/01/2010Registered 15/01/2010
charge
outstanding

LLOYDS TSB BANK PLC

Created 11/07/2008Registered 12/07/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 17/04/2008Registered 22/04/2008Satisfied 09/12/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 17/04/2008Registered 22/04/2008Satisfied 27/04/2017
charge
outstanding

LLOYDS BANK PLC

Created 19/04/1991Registered 23/04/1991
charge
outstanding

LLOYDS BANK PLC

Created 19/04/1991Registered 23/04/1991
charge
outstanding

LLOYDS BANK PLC

Created 19/04/1991Registered 23/04/1991
charge
outstanding

LLOYDS BANK PLC

Created 19/04/1991Registered 23/04/1991
charge
satisfied

LLOYDS BANK PLC

Created 25/01/1991Registered 05/02/1991Satisfied 18/02/2026
charge
satisfied

LOMBARD NORTH CENTRAL PLC

Created 10/03/1986Registered 24/03/1986Satisfied 07/05/1991
charge
satisfied

NISSAN UK LIMITED · NISSAN FINANCE UK LIMITED

Created 29/11/1985Registered 06/12/1985Satisfied 23/02/1990
charge
satisfied

NISSAN FINANCE UK LIMITED

Created 29/11/1985Registered 06/12/1985Satisfied 07/05/1991
charge
outstanding

LLOYDS BANK PLC

Created 21/08/1974Registered 30/08/1974

CompanyRankvs 22+ SIC 01110 peers
69

Financial strength95th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.78× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£17.4M

Annual revenue

Net Worth

£10.0M

Balance sheet strength

Cash

£347k

Cash in the bank

Profit Before Tax

£583k

Bottom line earnings

Net Current Assets

£6.9M

Working capital

Current Assets

£10.8M

Current Liabilities

£3.9M

Fixed Assets

£7.3M

Debtors

£2.7M

Cost of Sales

£16.5M

Gross Profit

£869k

Admin Expenses

£1.7M

Operating Profit

£529k

Profit After Tax

£432k

60avg. employees+1

Tax at Year End

Corp tax£48k

Director Loans(2020)

Directors owe company£874k

People Costs

Wages & salaries£1.6M
NI contributions£129k

Balance Sheet

Bank loans & overdrafts£331k
Assets less current liabilities£14.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.78+£432k
20233.08+£194k
20221.75+£444k
20211.71+£803k
20201.51+£901k
20191.62+£491k
20181.60—

Derived from filed accounts. Not audited figures.