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Economy Cars & Commercials Limited

04937635

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

11 BEDFORD CLOSE, ESSEX, CM7 9LN
Incorporated 20/10/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
47990
Other retail sale not in stores, stalls or markets

Officers

Mr Paul Ferrari

director · Since 20/10/2003

COMMERCIAL VEHICLE SALESMAN

BRITISH · UNITED KINGDOM · Age 57

Also on 1 other board

Paul Ferrari

secretary · Since 13/11/2011

Mr Mark Paul Ferrari

director · Since 16/06/2017

DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 1 other board

Persons with Significant Control

Mr Paul Ferrari

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 57

11, Bedford Close, Braintree, CM7 9LN

Notified 06/04/2016

Mr Mark Paul Ferrari

Significant control

British · England · Age 35

11 Bedford Close, Essex, CM7 9LN

Notified 16/06/2017

Former PSCs

Mrs Cheryl Jean Ferrari

Ceased 26/05/2024

CompanyRankvs 5035+ SIC 45112 peers
70

Financial strength86th percentile among SIC peers · 22/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Wilsons Automobiles And Coachworks Limited
90
2J.P. Arthur & Sons Limited
90
3Gumbrell'S Motors Limited
90
4Brunswick Garage Limited
90
5Leeson'S Garage Limited
90
6Platts Motor Company Limited
90
7D.G. Weaver Limited
90
8Ben Smith & Sons(Wantage)Limited
90
9Holders Of Congresbury Limited
90
10Westridge Garage (Ryde) Limited
90
5035Economy Cars & Commercials Limited
66
How is this score calculated?
Financial strength22/25 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.

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.

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

Key FinancialsYear ending 30/10/2024

Net Worth

£117k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£12k

Working capital

Current Assets

£300k

Current Liabilities

£311k

Fixed Assets

£3k

3avg. employees+2

Balance Sheet

Assets less current liabilities£9k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.96+£73k
20231.01-£18k
20220.70-£17k
20210.49+£6k
20200.28+£5k
20190.26-£1k
20180.20—

Derived from filed accounts. Not audited figures.