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Freeborn Garages Limited

02546512

active
Private Limited Company
Companies House
Health Score
55 / 100

Notable Risks

25/30
Filing
0/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

WILMOTHS, 91-93 EASTBOURNE ROAD, EASTBOURNE, BN20 9NR
Incorporated 08/10/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles
45112
Sale of used cars and light motor vehicles

Officers

Mr Duncan Charles Froude

director · Since 09/02/2017

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 9 other boards

Mr James Jason Wilmoth

director · Since 09/02/2017

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 12 other boards

Persons with Significant Control

Standset Limited

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

91-93, Eastbourne Road, Eastbourne, BN20 9NR

Reg: 02546521 · England & Wales · Private Company Limited By Shares

Notified 06/04/2016

Former PSCs

Andrew Kenneth Jones

Ceased 06/04/2016

Charges5 outstanding

Charge
outstanding

HSBC BANK PLC

Created 09/02/2017Registered 16/02/2017
charge
outstanding

PSA WHOLESALE LIMITED

Created 24/08/2009Registered 25/08/2009
charge
satisfied

BARCLAYS BANK PLC

Created 30/09/2003Registered 09/10/2003Satisfied 30/06/2017
charge
satisfied

S E THOMAS & CO LIMITED

Created 19/05/1995Registered 26/05/1995Satisfied 19/01/2017
charge
satisfied

BARCLAYS BANK PLC

Created 13/12/1991Registered 20/12/1991Satisfied 07/02/2017
charge
outstanding

PSA WHOLESALE LIMITED

Created 13/12/1991Registered 17/12/1991
charge
satisfied

BARCLAYS BANK PLC

Created 06/03/1991Registered 13/03/1991Satisfied 07/02/2017
charge
satisfied

BARCLAYS BANK PLC

Created 01/03/1991Registered 12/03/1991Satisfied 07/02/2017
charge
outstanding

PSA WHOLESALE LIMITED

Created 04/02/1991Registered 07/02/1991
charge
outstanding

PSA WHOLESALE LIMITED

Created 04/02/1991Registered 07/02/1991

CompanyRankvs 2258+ SIC 45111 peers
24

Financial strength0th percentile among SIC peers · 0/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2258Freeborn Garages Limited
34
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.

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 28/12/2021

Net Worth

-£3.2M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£3.2M

Working capital

Current Assets

£2.5M

Current Liabilities

£5.7M

Debtors

£2.5M

0avg. employees

People Costs(2018)

Wages & salaries£2.3M
NI contributions£210k

Balance Sheet

Assets less current liabilities-£3.2M
Signed by 2021-01-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20210.43-£3.2M
20180.69—

Derived from filed accounts. Not audited figures.