Back to search

Economy Hire Limited

05097136

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

MARINE HOUSE NORMAN TERRACE, WALLSEND, NE28 6SU
Incorporated 06/04/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Mr Austin James Scott Barnes

secretary · Since 06/04/2004

METAL WORKER

BRITISH · UNITED KINGDOM · Age 55

Also on 5 other boards

Mr Austin James Scott Barnes

director · Since 06/04/2004

METAL WORKER

BRITISH · UNITED KINGDOM · Age 55

Also on 5 other boards

Mr John Scott Barnes

director · Since 06/04/2004

METAL WORKER

BRITISH · ENGLAND · Age 77

Also on 5 other boards

Persons with Significant Control

Mr Austin James Scott Barnes

25–50% shares

British · United Kingdom · Age 55

Marine House, Norman Terrace, Wallsend, NE28 6SU

Notified 06/04/2016

CompanyRankvs 2391+ SIC 77110 peers
51

Financial strength22th percentile among SIC peers · 6/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength6/25 pts

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

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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 31/10/2024

Net Worth

-£426

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£1k

Working capital

Current Assets

£10k

Current Liabilities

£9k

Fixed Assets

£12k

0avg. employees

Balance Sheet

Assets less current liabilities£1k
Signed by 05097136 2024-05-01 2024-10-31 05097136 2024-10-31 05097136 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.13
20242.62-£7k
20232.66

Derived from filed accounts. Not audited figures.