Back to search

Express Rent-A-Car Limited

02575578

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

2ND FLOOR, FINCHLEY, N3 2JX
Incorporated 21/01/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Mr Kishore Bhanubhai Somani

secretary · Since 25/01/1991

CAR HIRE & RENTAL

BRITISH · ENGLAND · Age 84

Also on 7 other boards

Mr Kishore Bhanubhai Somani

director · Since 25/01/1991

CAR HIRE & RENTAL

BRITISH · ENGLAND · Age 84

Also on 7 other boards

Mr Ashi Somani

director · Since 06/09/2000

SALES/HIRING CARS

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Persons with Significant Control

Kishore Bhanubhai Somani

25–50% shares

British · United Kingdom · Age 84

2nd, Floor, Finchley, N3 2JX

Notified 01/04/2017

Ashi Somani

25–50% shares

British · England · Age 57

2nd, Floor, Finchley, N3 2JX

Notified 01/04/2017

Charges1 outstanding

charge
satisfied

ALPHABET (GB) LIMITED

Created 02/07/2002Registered 17/07/2002Satisfied 12/08/2022
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 25/10/2001Registered 09/11/2001
charge
satisfied

MERCEDES-BENZ FINANCE LIMITED

Created 21/06/1999Registered 25/06/1999Satisfied 15/05/2024
charge
satisfied

CLOSE BROTHERS LIMITED

Created 03/03/1992Registered 17/03/1992Satisfied 12/08/2022
charge
satisfied

CLOSE BROTHERS LIMITED

Created 28/02/1991Registered 09/03/1991Satisfied 12/08/2022

CompanyRankvs 607+ SIC 77110 peers
65

Financial strength98th percentile among SIC peers · 25/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.64× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Bredon Construction & Haulage (Wareham) Limited
90
2Winner Garage Limited
90
3Apex Car Rental (Norwich) Limited
90
4Readypay Limited
90
5Andover Fork Truck Services Limited
90
6Accident Claims Handlers Limited
90
7U.K. Carline Limited
90
8T L O Film Services Limited
90
9Stablehire Ltd
90
10E.H. Roberts-Penet Group Limited
90
607Express Rent-A-Car Limited
71
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.

Employees14/15 pts

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

Liquidity6/20 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

£268k

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£280k

Current Liabilities

£436k

Fixed Assets

£3.9M

Debtors

£13k

5avg. employees+2

Tax at Year End

Corp tax£29k

Balance Sheet

Assets less current liabilities£2.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.64+£106k
20230.09—

Derived from filed accounts. Not audited figures.