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Able Towing Limited

03961252

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

TOW TRUST TOWBARS, ATHERSTONE, CV9 1JE
Incorporated 30/03/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Elaine Miller

secretary · Since 07/04/2000

COMPANY SECRETARY

BRITISH · ENGLAND · Age 70

Also on 4 other boards

Mrs Elaine Miller

director · Since 07/04/2000

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 4 other boards

Mr Ian Miller

director · Since 07/04/2000

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Also on 1 other board

Mr Alan James Miller

director · Since 01/01/2012

SALES DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 2 other boards

Mr Thomas Christopher Miller

director · Since 01/01/2012

PRODUCTION AND DESIGN DIRECTOR

BRITISH · ENGLAND · Age 40

Persons with Significant Control

Mr Thomas Christopher Miller

25–50% shares
25–50% votes

British · England · Age 40

Tow Trust Towbars, Atherstone, CV9 1JE

Notified 12/11/2025

Mr Alan James Miller

25–50% shares
25–50% votes

British · England · Age 41

Tow Trust Towbars, Atherstone, CV9 1JE

Notified 22/04/2026

Former PSCs

Mr Ian Miller

Ceased 12/11/2025

Charges0 outstanding

charge
satisfied

LLOYDS TSB BANK PLC

Created 18/10/2011Registered 21/10/2011Satisfied 10/09/2015

CompanyRankvs 6055+ SIC 68209 peers
74

Financial strength100th percentile among SIC peers · 25/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.26× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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6055Able Towing Limited
84
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.

Employees9/15 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

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 30/09/2025

Net Worth

£19.7M

Balance sheet strength

Cash

£13.6M

Cash in the bank

Net Current Assets

£13.7M

Working capital

Current Assets

£15.8M

Current Liabilities

£7.0M

Fixed Assets

£6.7M

Debtors

£3.0M

Cost of Sales

£16.6M

Admin Expenses

£3.3M

Profit After Tax

£5.4M

1avg. employees

Tax at Year End

Corp tax£1.3M
Dividends paid-£4.0M

People Costs

Wages & salaries£3.5M

Balance Sheet

Assets less current liabilities£20.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20252.26+£0
20252.26+£1.4M
20248.55+£321k
20235.59-£116k
20224.04-£277k
202129.58—

Derived from filed accounts. Not audited figures.