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Rainworth Motors Limited

03916851

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

SHERWOOD OAKS BUSINESS PARK, MANSFIELD, NG18 4GF
Incorporated 31/01/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles

Officers

Simon Charles Beckett

secretary · Since 30/05/2003

DIRECTOR

BRITISH · Age 61

Also on 3 other boards

Mr Jon Raymond Atherton

director · Since 30/05/2003

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 4 other boards

Simon Charles Beckett

director · Since 30/05/2003

DIRECTOR

BRITISH · BRITAIN · Age 61

Also on 3 other boards

Persons with Significant Control

Mr Jon Raymond Atherton

25–50% shares
25–50% votes

British · England · Age 57

Sherwood Oaks Business Park, Mansfield, NG18 4GF

Notified 06/04/2016

Vision Automotive (Uk) Group Ltd

75–100% shares
75–100% votes

Sherwood Oaks Business Park, Southwell Road West, Mansfield, NG18 4GF

Reg: 04904849 · The Registrar Of Companies In England & Wales · Limited Company

Notified 06/04/2016

Mr Simon Charles Beckett

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Sherwood Oaks Business Park, Mansfield, NG18 4GF

Notified 06/04/2016

Charges8 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 25/04/2019Registered 26/04/2019Satisfied 09/01/2024
Charge
outstanding

HSBC BANK PLC

Created 04/08/2015Registered 13/08/2015
Charge
outstanding

VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED

Created 02/05/2013Registered 10/05/2013
Charge
outstanding

HSBC BANK PLC

Created 07/05/2013Registered 08/05/2013
Charge
outstanding

VOLKSWAGEN BANK GMBH TRADING AS VOLKSWAGEN BANK UNITED KINGDOM BRANCH

Created 02/05/2013Registered 03/05/2013
charge
outstanding

VOLKSWAGEN BANK GMBH

Created 25/08/2009Registered 09/09/2009
charge
outstanding

VOLKSWAGEN BANK GMBH

Created 31/07/2009Registered 14/08/2009
charge
outstanding

VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED

Created 19/07/2007Registered 23/07/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/10/2006Registered 12/10/2006Satisfied 14/05/2013
charge
outstanding

VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED

Created 06/11/2000Registered 07/11/2000
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/09/2000Registered 28/09/2000Satisfied 14/05/2013
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 05/06/2000Registered 20/06/2000Satisfied 22/05/2013

CompanyRankvs 745+ SIC 45111 peers
53

Financial strength90th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1× · 6/20
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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745Rainworth Motors Limited
69
How is this score calculated?
Financial strength23/25 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.

Liquidity6/20 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 31/12/2023

Turnover

£37.3M

Annual revenue

Net Worth

£2.2M

Balance sheet strength

Cash

£842k

Cash in the bank

Profit Before Tax

£785k

Bottom line earnings

Net Current Assets

-£20k

Working capital

Current Assets

£7.2M

Current Liabilities

£7.2M

Fixed Assets

£2.7M

Debtors

£1.6M

Cost of Sales

£35.6M

Gross Profit

£1.7M

Admin Expenses

£683k

Operating Profit

£1.1M

Profit After Tax

£586k

54avg. employees+4

Tax at Year End

Corp tax£159k
Dividends paid£182k

People Costs

Wages & salaries£1.4M
NI contributions£161k

Balance Sheet

Intangible assets£1
Bank loans & overdrafts£62k
Assets less current liabilities£2.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.00+£404k
20220.97+£194k
20210.96—

Derived from filed accounts. Not audited figures.