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Falmouth Garages Ltd

02999539

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

7 CHURCH ROAD, 7, PENRYN, TR10 8DA
Incorporated 08/12/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
45200
Maintenance and repair of motor vehicles
45320
Retail trade of motor vehicle parts and accessories

Officers

Mr Alun Charles Kitts

director · Since 14/12/1994

ACCOUNTANT

BRITISH · ENGLAND · Age 62

Also on 3 other boards

Miss Cara Emily Kitts

secretary · Since 22/02/2023

Persons with Significant Control

Mr Alun Charles Kitts

75–100% shares

British · England · Age 62

7 Church Road,, 7, Penryn, TR10 8DA

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 24/06/2016Registered 01/07/2016Satisfied 23/10/2023
charge
satisfied

LLOYDS TSB BANK PLC

Created 29/06/2007Registered 06/07/2007Satisfied 23/10/2023
charge
satisfied

LLOYDS TSB BANK PLC

Created 01/12/2000Registered 13/12/2000Satisfied 23/10/2023
charge
satisfied

LLOYDS TSB BANK PLC

Created 01/12/2000Registered 13/12/2000Satisfied 13/06/2023

CompanyRankvs 168+ SIC 45112 peers
89

Financial strength98th percentile among SIC peers · 25/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.55× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
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90
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90
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90
4Brunswick Garage Limited
90
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6Platts Motor Company Limited
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8Ben Smith & Sons(Wantage)Limited
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9Holders Of Congresbury Limited
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168Falmouth Garages Ltd
89
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.

Liquidity20/20 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

£2.2M

Balance sheet strength

Cash

£815k

Cash in the bank

Net Current Assets

£759k

Working capital

Current Assets

£1.2M

Current Liabilities

£490k

Fixed Assets

£1.4M

Debtors

£390k

6avg. employees+1

Tax at Year End

Corp tax£62k

Balance Sheet

Assets less current liabilities£2.2M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20242.55+£316k
20232.15—

Derived from filed accounts. Not audited figures.