Formula One Auto Centres Limited

01437311

active

Private Limited Company

Companies House

Health Score

76 / 100

Some Concerns

30/30

Filing

10/30

Financial

36/40

Risk

Current liabilities exceed current assets (-10)
Going concern doubt noted in accounts (-10)
2 outstanding charges (-4)

Details

ASTON HOUSE, STEVENAGE, SG1 4QX

Incorporated 16/07/1979

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45200

Maintenance and repair of motor vehicles

Officers

Philip Stanley Glencross

director · Since 20/07/1990

DIRECTOR

BRITISH · ENGLAND · Age 77

Janet Glencross

director · Since 20/07/1990

SECRETARY

BRITISH · ENGLAND · Age 77

Mr Leon Glencross

director · Since 01/09/2001

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 8 other boards

Mr Jonathan Gary Butcher

director · Since 22/08/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 4 other boards

Mr Keith William Lee

director · Since 01/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 52

Mr Simon Alan Jennings

director · Since 01/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 49

director · Since 01/08/2020

DIRECTOR

BRITISH · ENGLAND · Age 46

Mr Simon Lee Hughes

director · Since 01/12/2020

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 8 other boards

Mr Farid Taher Sachak

director · Since 08/07/2026

BRITISH · ENGLAND · Age 45

Persons with Significant Control

Aston Group Holdings Limited

75–100% shares

75–100% votes

Aston House, Boulton Road, Stevenage, SG1 4QX

Reg: 11717113 · Registrar Of Companies (England And Wales) · Private Limited Company

Notified 15/02/2019

Former PSCs

Philip Stanley Glencross

Ceased 15/02/2019

Charges2 outstanding

Charge

outstanding

HSBC UK BANK PLC

Created 29/03/2019Registered 04/04/2019

Charge

outstanding

HSBC UK BANK PLC

Created 15/02/2019Registered 21/02/2019

Charge

satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 18/12/2018Registered 27/12/2018Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 02/09/2014Registered 11/09/2014Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 21/10/2013Registered 24/10/2013Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 21/10/2013Registered 24/10/2013Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 21/10/2013Registered 24/10/2013Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 25/09/2013Registered 30/09/2013Satisfied 06/03/2019

Charge

satisfied

BARCLAYS BANK PLC

Created 25/09/2013Registered 30/09/2013Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 19/11/2012Registered 20/11/2012Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 12/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

BARCLAYS BANK PLC

Created 04/09/2008Registered 09/09/2008Satisfied 06/03/2019

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 09/04/2008Registered 17/04/2008Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/11/2007Registered 28/11/2007Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 18/06/2007Registered 03/07/2007Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/01/2006Registered 06/01/2006Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/11/2005Registered 05/11/2005Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/10/2004Registered 30/10/2004Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/11/2002Registered 19/11/2002Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 13/09/2002Registered 17/09/2002Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/03/2001Registered 21/03/2001Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/12/1992Registered 21/12/1992Satisfied 31/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/12/1992Registered 21/12/1992Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/12/1992Registered 21/12/1992Satisfied 31/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/12/1992Registered 21/12/1992Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/12/1992Registered 21/12/1992Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/11/1991Registered 28/11/1991Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/03/1991Registered 09/04/1991Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/03/1991Registered 09/04/1991Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/03/1991Registered 09/04/1991Satisfied 23/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 05/02/1991Registered 14/02/1991Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/07/1990Registered 02/08/1990Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/06/1990Registered 04/07/1990Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/06/1990Registered 03/07/1990Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 23/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/12/1988Registered 11/01/1989Satisfied 24/07/2009

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/07/1987Registered 03/08/1987Satisfied 18/02/1988

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/04/1986Registered 01/05/1986Satisfied 26/01/1988

charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/08/1983Registered 22/08/1983Satisfied 26/01/1988

CompanyRankvs 6312+ SIC 45200 peers
56

Financial strength100th percentile among SIC peers · 25/25

Employees100th percentile among SIC peers · 15/15

LiquidityCurrent ratio 0.78× · 6/20

Longevity15 years trading (max 15) · 15/15

Filing complianceAll filings up to date · 15/15

Going concern doubt -10Outstanding charges -10

Show leaderboard

1Wallis & Son Limited

90

2J.P. Arthur & Sons Limited

90

3T.Reeve And Son Limited

90

4P. Goddard & Sons Limited

90

5Leeson'S Garage Limited

90

6Hadleigh Tyre Services Limited

90

7Platts Motor Company Limited

90

8Whartons Garage Limited

90

9Holders Of Congresbury Limited

90

10Westridge Garage (Ryde) Limited

90

6312Formula One Auto Centres Limited

72

How is this score calculated?

Financial strength25/25 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.

Liquidity6/20 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 31/07/2025

Turnover

£94.1M

Annual revenue

Net Worth

£5.6M

Balance sheet strength

Cash

£3.5M

Cash in the bank

Profit Before Tax

£3.3M

Bottom line earnings

Net Current Assets

-£5.7M

Working capital

Current Assets

£19.9M

Current Liabilities

£25.6M

Fixed Assets

£23.6M

Debtors

£13.6M

Cost of Sales

£31.2M

Gross Profit

£62.9M

Admin Expenses

£59.1M

Operating Profit

£4.4M

Profit After Tax

£2.4M

890avg. employees+27

Tax at Year End

Corp tax£370k

Dividends paid£1.6M

People Costs

Wages & salaries£31.7M

NI contributions£3.1M

Balance Sheet

Intangible assets£1.5M

Bank loans & overdrafts£11.0M

Assets less current liabilities£18.0M

Prepared with IRIS Accounts Production

EstimatesDerived

Year	Current Ratio	Implied Profit
2025	0.78	+£788k
2024	0.80	-£526k
2023	0.78	-£335k
2022	0.74	+£575k
2021	0.74	—

Derived from filed accounts. Not audited figures.