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Master Auto Glass Limited

01805895

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

UNIT 4 CUMBERLAND AVENUE, LONDON, NW10 7QL
Incorporated 04/04/1984

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45310
Wholesale trade of motor vehicle parts and accessories

Officers

Ms Mitra Farsian

secretary · Since 10/05/1991

BRITISH · UNITED KINGDOM · Age 56

Also on 8 other boards

Mr Babak Farsian

director · Since 08/10/1997

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Persons with Significant Control

Mag Holdco Limited

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

4, Cumberland Avenue, London, NW10 7QL

Reg: 15915383 · England And Wales · Private Company Limited By Shares

Notified 29/10/2024

Former PSCs

Mr Sadegh Farsian

Ceased 11/02/2019

Mr Babak Farsian

Ceased 08/02/2019

Winborn Holdings Limited

Ceased 29/10/2024

Winborn Investments Holdings Limited

Ceased 29/10/2024

Charges8 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 19/02/2024Registered 20/02/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LIMITED · HSBC ASSET FINANCE (UK) LIMITED

Created 26/09/2013Registered 30/09/2013
charge
outstanding

HSBC BANK PLC

Created 13/12/2012Registered 20/12/2012
charge
satisfied

HSBC BANK PLC

Created 16/12/2009Registered 17/12/2009Satisfied 27/02/2026
charge
outstanding

HSBC BANK PLC

Created 15/10/2009Registered 22/10/2009
charge
outstanding

HSBC BANK PLC

Created 15/10/2009Registered 22/10/2009
charge
outstanding

HSBC BANK PLC

Created 15/10/2009Registered 16/10/2009
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 12/10/2009Registered 15/10/2009
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 12/10/2009Registered 15/10/2009
charge
satisfied

BARCLAYS BANK PLC

Created 09/10/1998Registered 19/10/1998Satisfied 05/08/2024
charge
satisfied

BARCLAYS BANK PLC

Created 09/10/1998Registered 19/10/1998Satisfied 05/08/2024
charge
satisfied

BARCLAYS BANK PLC

Created 29/07/1998Registered 06/08/1998Satisfied 28/10/2011
charge
satisfied

GRIFFIN CREDIT SERVICES LIMITED

Created 07/07/1997Registered 08/07/1997Satisfied 16/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 27/02/1997Registered 01/03/1997Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 30/12/1993Registered 12/01/1994Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 03/11/1993Registered 19/11/1993Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 18/05/1993Registered 02/06/1993Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 13/05/1991Registered 15/05/1991Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 10/02/1989Registered 11/02/1989Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 01/07/1988Registered 11/07/1988Satisfied 03/12/1998
charge
satisfied

MIDLAND BANK PLC

Created 19/04/1988Registered 25/04/1988Satisfied 03/12/1998

CompanyRankvs 344+ SIC 45310 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.7× · 16/20
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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344Master Auto Glass Limited
82
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.

Liquidity16/20 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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£30.6M

Annual revenue

Net Worth

£6.6M

Balance sheet strength

Cash

£55k

Cash in the bank

Profit Before Tax

£3.6M

Bottom line earnings

Net Current Assets

£5.6M

Working capital

Current Assets

£13.8M

Current Liabilities

£8.1M

Fixed Assets

£1.7M

Debtors

£4.1M

Cost of Sales

£15.5M

Gross Profit

£15.1M

Admin Expenses

£11.4M

Operating Profit

£3.7M

Profit After Tax

£2.7M

163avg. employees+5

Tax at Year End

Corp tax£454k
Dividends paid-£2.3M

People Costs

Wages & salaries£5.2M
NI contributions£483k

Balance Sheet

Bank loans & overdrafts£2.6M
Assets less current liabilities£7.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.70+£3.6M
20211.36-£1.9M
20201.66+£514k
20191.65+£368k
20181.61+£391k
20171.59—

Derived from filed accounts. Not audited figures.