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Light Car Company Limited

02613361

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

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 1, WHITE HORSE BUSINESS PARK THE LIGHT CAR COMPANY LTD, FARINGDON, SN7 8NY
Incorporated 22/05/1991

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

29/09/2026

On track

Confirmation statement

Last: 22/05/2025

Due 05/06/2026

Overdue

Industry

29100
Manufacture of motor vehicles

Officers

Mr Christopher Vaughn Holley

director · Since 14/10/2013

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 67

Persons with Significant Control

Brandon Shui Ling Wang

Significant control

British · Hong Kong · Age 79

Unit 1, White Horse Business Park, The Light Car Company Ltd, Faringdon, SN7 8NY

Notified 06/04/2016

Mr Luke Maximillan Craft

25–50% shares
25–50% votes

British · United Kingdom · Age 49

Unit 1, White Horse Business Park, The Light Car Company Ltd, Faringdon, SN7 8NY

Notified 20/02/2021

Former PSCs

Mr Christopher Vaughn Holley

Ceased 20/02/2021

CompanyRankvs 360+ SIC 29100 peers
46

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees14/15 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.

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

-£4.3M

Balance sheet strength

Cash

£70k

Cash in the bank

Net Current Assets

-£5.5M

Working capital

Current Assets

£459k

Current Liabilities

£6.0M

Fixed Assets

£1.2M

Debtors

£376k

6avg. employees

Balance Sheet

Intangible assets£3k
Assets less current liabilities-£4.3M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08-£194k
20230.07-£184k
20220.07-£123k
20210.08+£19k
20200.05-£282k
20190.07-£71k
20180.03

Derived from filed accounts. Not audited figures.