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Euro Commercials Limited

01459115

active
Private Limited Company
england wales
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

IPSWICH ROAD, CARDIFF, CF23 9AQ
Incorporated 05/11/1979

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/12/2025

Due 03/01/2027

On track

Industry

45111
Sale of new cars and light motor vehicles

Officers

Paul George Hannah

secretary · Since 06/09/1993

COMPANY SECRETARY

BRITISH · UNITED KINGDOM · Age 72

Also on 80 other boards

Mr Jeffrey Carne

director · Since 01/01/2008

FINANCE DIRECTOR

BRITISH · WALES · Age 57

Also on 9 other boards

Mr Andrew Gavin Hole

director · Since 01/04/2015

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 2 other boards

Mr Barry Kidd

director · Since 03/01/2018

GROUP AFTERSALES MANAGER

BRITISH · WALES · Age 59

Also on 7 other boards

Persons with Significant Control

Euro Commercials Holdings Limited

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

C/O Resource Ltd, The Maltings, Cardiff, CF24 5EA

Reg: 15816436 · Companies House · Private Company Limited By Shares

Notified 09/10/2024

Former PSCs

Mr David Nicholas Owen Williams

Ceased 12/09/2023

Mr Sean Fitzgerald Allison

Ceased 09/10/2024

Mr Paul George Hannah

Ceased 09/10/2024

Mr Simon Roger Kirkup

Ceased 09/10/2024

Charges4 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 03/04/2024Registered 10/04/2024
Charge
satisfied

DAVID NICHOLAS OWEN WILLIAMS

Created 23/12/2016Registered 23/12/2016Satisfied 06/11/2024
charge
outstanding

HSBC BANK PLC

Created 11/10/2005Registered 18/10/2005
charge
outstanding

MERCEDES-BENZ FINANCE LIMITED

Created 06/02/1992Registered 12/02/1992
charge
satisfied

MIDLAND BANK PLC

Created 29/01/1987Registered 03/02/1987
charge
outstanding

MIDLAND BANK PLC

Created 03/02/1984Registered 13/02/1984
charge
satisfied

CAPITAL TRADING COMPANY (COATED STEELS) LIMITED

Created 06/01/1984Registered 19/01/1984
charge
satisfied

MIDLAND BANK PLC

Created 07/03/1980Registered 19/03/1980Satisfied 02/04/2024

CompanyRankvs 227+ SIC 45111 peers
61

Financial strength94th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.04× · 12/20
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.

Liquidity12/20 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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

Net Worth

£3.9M

Balance sheet strength

Cash

£2.5M

Cash in the bank

Net Current Assets

£958k

Working capital

Current Assets

£25.0M

Current Liabilities

£24.1M

Fixed Assets

£6.1M

Debtors

£4.3M

Profit After Tax

£880k

214avg. employees+42

People Costs(2023)

Wages & salaries£6.4M
NI contributions£666k

Balance Sheet

Bank loans & overdrafts£243k
Assets less current liabilities£7.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.04-£417k
20231.10

Derived from filed accounts. Not audited figures.