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Shaftec Automotive Components Ltd

03006083

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

SOHO POOLWAY PARK ROAD, BIRMINGHAM, B18 5JA
Incorporated 04/01/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45310
Wholesale trade of motor vehicle parts and accessories

Officers

Mr Mitesh Thanki

secretary · Since 11/06/2020

Also on 3 other boards

Mr Andrew Nicholas Dodwell

director · Since 11/06/2020

DIRECTOR

BRITISH · WALES · Age 63

Also on 12 other boards

Mr Mitesh Thanki

director · Since 11/06/2020

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 3 other boards

Mr Kyle Makofka

director · Since 27/01/2023

DIRECTOR

CANADIAN · CANADA · Age 53

Persons with Significant Control

Shaftec Holdco Limited

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

Soho Poolway Park Road, Hockley, Birmingham, West Midlands, B18 5JA

Reg: 11627033 · Companies House, England And Wales · Limited By Shares

Notified 04/10/2024

Former PSCs

Shaftec Automotive Components Holdings Limited

Ceased 04/10/2024

Charges1 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY)

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satisfied

ARDENTON CAPITAL INVESTMENTS LIMITED (AS SECURITY TRUSTEE)

Created 30/11/2018Registered 04/12/2018Satisfied 15/05/2025
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satisfied

PNC BUSINESS CREDIT (A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD)

Created 30/11/2018Registered 03/12/2018Satisfied 15/05/2025
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satisfied

LEUMI ABL LIMITED

Created 01/07/2015Registered 01/07/2015Satisfied 22/05/2017
Charge
satisfied

LEUMI ABL LTD

Created 07/05/2015Registered 08/05/2015Satisfied 17/12/2018
Charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LTD

Created 30/09/2013Registered 01/10/2013Satisfied 20/10/2018
Charge
satisfied

LLOYDS TSB BANK PLC

Created 07/05/2013Registered 22/05/2013Satisfied 25/01/2019
charge
satisfied

CLOSE INVOICE FINANCE LTD

Created 14/07/2011Registered 21/07/2011Satisfied 10/10/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 15/02/2010Registered 24/02/2010Satisfied 25/09/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 17/11/2009Registered 21/11/2009Satisfied 19/05/2012
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 15/10/2007Registered 19/10/2007Satisfied 17/10/2012
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 18/09/2007Registered 21/09/2007Satisfied 19/05/2012
charge
satisfied

CLOSE INVOICE FINANCE LIMITED

Created 25/05/2005Registered 15/06/2005Satisfied 17/06/2011
charge
satisfied

CLOSE INVOICE FINANCE LIMITED

Created 25/05/2005Registered 04/06/2005Satisfied 17/06/2011
charge
satisfied

MERCHANT TRADE FINANCE LIMITED

Created 21/04/2005Registered 22/04/2005Satisfied 18/10/2007
charge
satisfied

LLOYDS TSB BANK PLC

Created 10/09/2004Registered 21/09/2004Satisfied 20/10/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/09/2004Registered 11/09/2004Satisfied 21/03/2006
charge
satisfied

LLOYDS TSB BANK PLC

Created 02/06/2004Registered 11/06/2004Satisfied 17/12/2018
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 17/03/2004Registered 19/03/2004Satisfied 21/03/2006
charge
satisfied

HSBC BANK PLC

Created 17/11/2000Registered 22/11/2000Satisfied 27/05/2004
charge
satisfied

MIDLAND BANK PLC

Created 05/07/1995Registered 08/07/1995Satisfied 13/05/2004

CompanyRankvs 22+ SIC 45310 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.99× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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22Shaftec Automotive Components Ltd
90
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.

Employees15/15 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Turnover

£15.9M

Annual revenue

Net Worth

£4.2M

Balance sheet strength

Cash

£928k

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

£10.3M

Working capital

Current Assets

£15.5M

Current Liabilities

£5.2M

Fixed Assets

£531k

Debtors

£6.8M

Admin Expenses

£3.4M

Operating Profit

£2.3M

Profit After Tax

£1.7M

117avg. employees

Tax at Year End

Corp tax£298k
Dividends paid£901k

People Costs

Wages & salaries£3.6M
NI contributions£342k

Balance Sheet

Bank loans & overdrafts£0
Assets less current liabilities£10.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20242.99

Derived from filed accounts. Not audited figures.