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Frecker Limited

03113604

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

HENSON HOUSE, NEWCASTLE UPON TYNE, NE5 3DF
Incorporated 13/10/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr John Muckian

director · Since 27/01/1997

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 13 other boards

Mr David Nathan Wilson

director · Since 22/09/1997

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 43 other boards

Richard Nigel Wilson

secretary · Since 03/10/1997

BRITISH · UNITED KINGDOM · Age 55

Also on 9 other boards

Persons with Significant Control

Mr David Nathan Wilson

75–100% shares

British · England · Age 52

Henson House, Ponteland Road, Newcastle Upon Tyne, NE5 3DF

Notified 06/04/2016

Charges8 outstanding

Charge
outstanding

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CompanyRankvs 57+ SIC 45112 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.06× · 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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57Frecker Limited
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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 going co

Key FinancialsYear ending 30/10/2024

Turnover

£21.4M

Annual revenue

Net Worth

£7.2M

Balance sheet strength

Cash

£10k

Cash in the bank

Profit Before Tax

-£293k

Bottom line earnings

Net Current Assets

£2.3M

Working capital

Current Assets

£4.4M

Current Liabilities

£2.1M

Fixed Assets

£12.2M

Debtors

£996k

Cost of Sales

£19.7M

Gross Profit

£1.7M

Admin Expenses

£2.0M

Operating Profit

£318k

Profit After Tax

-£293k

30avg. employees+2

Tax at Year End

Dividends paid£240k

People Costs

Wages & salaries£1.1M
NI contributions£93k

Balance Sheet

Bank loans & overdrafts£638k
Assets less current liabilities£14.5M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20242.06-£353k
20231.77+£709k
20221.85+£1.7M
20211.63—

Derived from filed accounts. Not audited figures.