Fastfit Exhausts Limited
01371443
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/01/2025
medium
Next accounts due
31/10/2026
Confirmation statement
Last: 28/11/2025
Due 12/12/2026
Industry
Officers
director · Since 01/03/2002
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 8 other boards
director · Since 12/07/2006
ACCOUNTANT
BRITISH · ENGLAND · Age 58
Also on 25 other boards
Persons with Significant Control
Mr Richard John Shortis
British · England · Age 57
186-200 Salhouse Road, Norfolk, NR7 9AH
Notified 14/06/2019
Former PSCs
Mr Kevin John Shortis
Ceased 14/06/2019
Charges3 outstanding
LLOYDS BANK PLC
LLOYDS BANK PLC
LLOYDS BANK PLC
CompanyRankvs 14+ SIC 45320 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 concern are d
Key FinancialsYear ending 31/01/2026
Turnover
£6.3M
Annual revenue
Net Worth
£2.4M
Balance sheet strength
Cash
£1k
Cash in the bank
Profit Before Tax
£38k
Bottom line earnings
Net Current Assets
£1.7M
Working capital
Current Assets
£2.5M
Current Liabilities
£738k
Fixed Assets
£639k
Debtors
£2.1M
Cost of Sales
£2.7M
Gross Profit
£3.7M
Admin Expenses
£3.7M
Operating Profit
£38k
Profit After Tax
£25k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2026 | 3.36 | +£25k |
| 2025 | 3.30 | +£86k |
| 2024 | 3.16 | +£194k |
| 2023 | 2.76 | — |
Derived from filed accounts. Not audited figures.