It Fleet Automotive Limited
04223523
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/05/2025
medium
Next accounts due
28/02/2027
Confirmation statement
Last: 25/05/2026
Due 08/06/2027
Industry
Officers
director · Since 01/12/2001
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 9 other boards
secretary · Since 14/10/2004
BRITISH · UNITED KINGDOM · Age 53
Also on 17 other boards
director · Since 22/05/2009
DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 17 other boards
director · Since 27/03/2025
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 2 other boards
Persons with Significant Control
Mr Andrew William John Timmis
British · United Kingdom · Age 61
It House, Notley Park, Raydon Road, Colchester, CO7 6QD
Notified 06/04/2016
Mrs Kim Brenda Timmis
British · United Kingdom · Age 53
It House, Notley Park, Raydon Road, Colchester, CO7 6QD
Notified 06/04/2016
Charges3 outstanding
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
GARY WILLIAM IRELAND · EMPOWERED PENSIONS LTD
RBS INVOICE FINANCE LIMITED
CATTLES INVOICE FINANCE LIMITED
FCE BANK PLC
CompanyRankvs 22054+ SIC 45200 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to note 2 in the financial statements, which indicates that the group's current liabilities exceeded its total assets by £935,506. As stated in note 2, these events or
Key FinancialsYear ending 31/05/2025
Turnover
£38.7M
Annual revenue
Net Worth
-£1.8M
Balance sheet strength
Cash
£74k
Cash in the bank
Profit Before Tax
£476k
Bottom line earnings
Net Current Assets
-£2.0M
Working capital
Current Assets
£5.8M
Current Liabilities
£7.8M
Fixed Assets
£1.1M
Debtors
£5.6M
Cost of Sales
£32.0M
Gross Profit
£6.8M
Admin Expenses
£5.8M
Operating Profit
£923k
Profit After Tax
£269k
Tax at Year End(2024)
Director Loans(2024)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.74 | +£0 | — |
| 2025 | 0.74 | +£819k | — |
| 2024 | 0.77 | +£637k | £12.8M |
| 2023 | 0.89 | +£341k | £9.9M |
| 2022 | 0.78 | -£864k | £11.5M |
| 2021 | 0.69 | -£732k | £15.3M |
| 2020 | 0.87 | -£1.8M | — |
| 2019 | 0.85 | -£797k | £10.8M |
| 2018 | 0.94 | — | — |
Derived from filed accounts. Not audited figures.