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V. & K. Garages Limited

01659372

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

37 DERBY ROAD, NOTTINGHAM, NG10 5HX
Incorporated 19/08/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Vasant Kotecha

director · Since 31/12/1991

DIRECTOR

BRITISH · ENGLAND · Age 75

Mr Dipen Kotecha

director · Since 26/07/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 1 other board

Mr Ravi Vasant Kotecha

director · Since 26/07/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 5 other boards

Persons with Significant Control

Mr Vasant Kotecha

25–50% shares
25–50% votes
Appoint directors

British · England · Age 75

37, Derby Road, Nottingham, NG10 5HX

Notified 06/04/2016

Mr Dipen Kotecha

25–50% shares
25–50% votes

British · England · Age 44

37, Derby Road, Nottingham, NG10 5HX

Notified 02/01/2024

Mr Ravi Kotecha

25–50% shares
25–50% votes

British · England · Age 41

37, Derby Road, Nottingham, NG10 5HX

Notified 02/01/2024

Charges1 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 18/07/2016Registered 27/07/2016Satisfied 11/09/2020
charge
outstanding

LLOYDS TSB BANK PLC

Created 17/09/2012Registered 19/09/2012
charge
satisfied

LLOYDS BANK PLC

Created 08/05/1998Registered 09/05/1998Satisfied 20/04/2023
charge
satisfied

LLOYDS BANK PLC

Created 02/10/1997Registered 08/10/1997Satisfied 16/10/2024
charge
satisfied

LLOYDS BANK PLC

Created 28/10/1996Registered 08/11/1996Satisfied 16/10/2024
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 09/03/1992Registered 13/03/1992Satisfied 16/10/2024
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/02/1991Registered 18/02/1991Satisfied 16/10/2024
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/01/1991Registered 21/01/1991Satisfied 16/10/2024
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/10/1988Registered 27/10/1988Satisfied 16/10/2024
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/10/1987Registered 10/11/1987Satisfied 11/03/1992
charge
satisfied

PETROFINA (U.K.) LIMITED

Created 13/05/1987Registered 19/05/1987Satisfied 11/03/1992

CompanyRankvs 7923+ SIC 45112 peers
48

Financial strength94th percentile among SIC peers · 24/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.28× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Wilsons Automobiles And Coachworks Limited
90
2J.P. Arthur & Sons Limited
90
3Gumbrell'S Motors Limited
90
4Brunswick Garage Limited
90
5Leeson'S Garage Limited
90
6Platts Motor Company Limited
90
7D.G. Weaver Limited
90
8Ben Smith & Sons(Wantage)Limited
90
9Holders Of Congresbury Limited
90
10Westridge Garage (Ryde) Limited
90
7923V. & K. Garages Limited
58
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.

Employees2/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2023

Net Worth

£455k

Balance sheet strength

Cash

£52k

Cash in the bank

Net Current Assets

-£317k

Working capital

Current Assets

£121k

Current Liabilities

£439k

Fixed Assets

£842k

Debtors

£50k

0avg. employees

Tax at Year End

Corp tax£9k

Balance Sheet

Assets less current liabilities£525k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20230.28-£97k
20220.21+£14k
20210.41+£20k
20200.40+£38k
20190.08—

Derived from filed accounts. Not audited figures.