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General Equipment Finance Ltd

03773650

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

C/O ABACUS BUSINESS CONSULTING THISTLEDOWN, BICESTER, OX25 2PE
Incorporated 14/05/1999

Compliance

Last accounts

31/12/2022

total exemption full

Next accounts due

30/09/2024

Overdue

Confirmation statement

Last: 01/05/2025

Due 15/05/2026

Overdue

Industry

64910
Financial leasing

Officers

Mr Maxwell Jonathan Reid

director · Since 14/05/1999

LEASING DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 10 other boards

Mrs Helen Elizabeth Reid

director · Since 01/01/2020

NONE

BRITISH · ENGLAND · Age 61

Also on 1 other board

Persons with Significant Control

Time To Lease Limited

75–100% shares

C/O Abacus Business Consulting, Thistledown, Wendlebury, Bicester, OX25 2PE

Reg: 04991672 · Companies House · Limited Company

Notified 06/04/2016

CompanyRankvs 498+ SIC 64910 peers
45

Financial strength4th percentile among SIC peers · 1/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.26× · 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 strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 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 31/12/2021

Net Worth

-£65k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£44k

Working capital

Current Assets

£16k

Current Liabilities

£60k

Debtors

£11k

3avg. employees

Balance Sheet

Assets less current liabilities-£44k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20210.26

Derived from filed accounts. Not audited figures.