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Westfield Sports Cars Limited

01695933

liquidation
Private Limited Company
england wales
Companies House
3 outstanding charges
Insolvency history
Health Score
N/A

Details

11 ROMAN WAY BUSINESS CENTRE, DROITWICH, WR9 9AJ
Incorporated 01/02/1983

Compliance

Last accounts

31/12/2021

unaudited abridged

Next accounts due

30/09/2023

Overdue

Confirmation statement

Last: 31/05/2022

Due 14/06/2023

Overdue

Industry

29100
Manufacture of motor vehicles

Officers

Mr Frank Turner

director · Since 01/12/2006

DIRECTOR

BRITISH · ENGLAND · Age 83

Also on 5 other boards

Mr Julian Mark Turner

director · Since 01/12/2006

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 7 other boards

Mrs Byrnece Turner

director · Since 20/04/2007

DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 6 other boards

Mr Simon Westwood

director · Since 15/12/2010

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 2 other boards

Mr Mark Richard Walker

director · Since 21/11/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Persons with Significant Control

Westfield Technology Group Limited

75–100% shares

Lifford Hall, Lifford Lane, Birmingham, B30 3JN

Reg: 04052158 · England And Wales · Private Company Limited By Shares

Notified 06/04/2016

Charges3 outstanding

A registered charge
outstanding

Lloyds Bank PLC

None.

Created 29/06/2020Registered 03/07/2020
A registered charge
outstanding

Birmingham City Council

1. by way of legal mortgage all the freehold and leasehold property now vested in or charged to the company including any registered land. Definitions:. "Property" the whole and any part of the undertaking property and assets of the company charged by clause 1 of the charge. "Registered land" none.

Created 31/10/2016Registered 10/11/2016
Debenture
outstanding

Potenza Sports Cars Limited

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery see image for full details.

£384,651 due or to become due from the company to the chargee

Created 20/10/2008Registered 25/10/2008
Deposit agreement to secure own liabilities
fully satisfied

Lloyds Tsb Bank PLC

All such rights to the repayment of the deposit meaning the debt(s) on the account(s) described in the schedule being the account with the bank denominated in sterling designated lloyds tsb bank PLC re - westfield sports cars limited corporate 30 day account and numbered 07433045 and any account(s) for the time being replacing the same and all interest owing in respect thereof and all deposits with the banks treasury division in the name of the bank re the company.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 01/03/2004Registered 17/03/2004Satisfied 23/12/2011
Debenture
fully satisfied

Lloyds Bank PLC

(Including heritable property & assets in scotland). Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 16/09/1986Registered 24/09/1986Satisfied 28/11/2006
Debenture
fully satisfied

Barclays Bank PLC

(See doc M10). Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 06/06/1984Registered 12/06/1984Satisfied 01/09/1989

Insolvency History2 cases

in administration

Mark Elijah Thomas Bowen (practitioner)

compulsory liquidation18/12/2023

The Official Receiver Or Birmingham (practitioner)

CompanyRankvs 15+ SIC 29100 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.32× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2021

Net Worth

£1.2M

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

£2.3M

Working capital

Current Assets

£4.0M

Current Liabilities

£1.7M

Fixed Assets

£750k

Debtors

£1.8M

33avg. employees

Balance Sheet

Intangible assets£471k
Assets less current liabilities£3.0M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent Ratio
20212.32

Derived from filed accounts. Not audited figures.