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Greased Lightning Ltd

02505266

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • 8 outstanding charges (-10)

Details

SANDY FARM, FARNHAM, GU10 1PX
Incorporated 24/05/1990

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/05/2026

Due 28/05/2027

On track

Industry

46760
Wholesale of other intermediate products
47910
Retail sale via mail order houses or via Internet

Officers

Mr John Richard Salvage

director · Since 28/02/2006

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 19 other boards

Mr David Nigel Sharpe

director · Since 16/02/2021

DIRECTOR

BRITISH · WALES · Age 58

Also on 9 other boards

Persons with Significant Control

Medsa Group Ltd

75–100% shares

Sandy Farm, The Sands, Farnham, GU10 1PX

Reg: 5084053 · Swansea · Limited Company

Notified 06/04/2016

Mr John Richard Salvage

Significant control

British · England · Age 66

Sandy Farm, The Sands, Farnham, GU10 1PX

Notified 06/04/2016

Charges8 outstanding

Charge
outstanding

JOHN RICHARD SALVAGE

Created 04/08/2015Registered 04/08/2015
Charge
outstanding

JOHN RICHARD SALVAGE

Created 16/09/2014Registered 07/10/2014
Charge
outstanding

JOHN RICHARD SALVAGE

Created 10/06/2014Registered 26/06/2014
Charge
satisfied

SME INVOICE FINANCE LIMITED

Created 30/04/2014Registered 07/05/2014Satisfied 13/09/2023
Charge
outstanding

JOHN RICHARD SALVAGE

Created 05/02/2014Registered 13/02/2014
Charge
outstanding

JOHN RICHARD SALVAGE

Created 24/09/2013Registered 10/10/2013
Charge
outstanding

JOHN RICHARD SALVAGE

Created 07/06/2013Registered 19/06/2013
Charge
outstanding

JOHN RICHARD SALVAGE

Created 22/04/2013Registered 01/05/2013
charge
outstanding

JOHN RICHARD SALVAGE

Created 21/03/2013Registered 28/03/2013

CompanyRankvs 1925+ SIC 46760 peers
30

Financial strength0th percentile among SIC peers · 0/25
Employees54th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1925Greased Lightning Ltd
40
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.

Employees8/15 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 31/12/2024

Net Worth

-£2.0M

Balance sheet strength

Cash

£200

Cash in the bank

Net Current Assets

-£1.4M

Working capital

Current Assets

£62k

Current Liabilities

£1.5M

Fixed Assets

£176

Debtors

£29k

2avg. employees

Balance Sheet

Assets less current liabilities-£1.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.04-£110k
20230.06-£121k
20220.10-£18k
20210.13+£11k
20200.12-£40k
20190.15+£26k
20180.16+£17k
20170.17—

Derived from filed accounts. Not audited figures.