Adapted Vehicle Hire Limited
05363103
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 22/08/2019
director · Since 22/08/2019
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 24 other boards
director · Since 22/08/2019
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 5 other boards
director · Since 26/01/2026
BRITISH · UNITED KINGDOM · Age 51
Also on 3 other boards
Persons with Significant Control
Newship Products Limited
Fernside Place, 179 Queens Road, Weybridge, KT13 0AH
Reg: 02022777 · Companies House · Private Limited Company
Notified 22/08/2019
Former PSCs
Nexus Vehicle Holdings Limited
Ceased 22/08/2019
Charges1 outstanding
HSBC UK BANK PLC
ARES MANAGEMENT LIMITED (AS SECURITY AGENT FOR THE SECURED PARTIES (EACH AS DEFINED IN THE INST
THE ROYAL BANK OF SCOTLAND PLC AS SECURITY AGENT
LLOYDS TSB BANK PLC
LLOYDS TSB BANK PLC
HANDELSBANKEN FINANS AB (PUBL)
AIB GROUP (UK) PLC T/AS ALLIED IRISH BANK (GB)
CompanyRankvs 183+ SIC 77110 peers65
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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
or • the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other information comprises the information in
Key FinancialsYear ending 30/09/2020
Turnover
£1.4M
Annual revenue
Net Worth
£1.3M
Balance sheet strength
Cash
£370k
Cash in the bank
Profit Before Tax
£1k
Bottom line earnings
Net Current Assets
£386k
Working capital
Current Assets
£1.1M
Current Liabilities
£673k
Fixed Assets
£1.4M
Debtors
£689k
Cost of Sales
£995k
Gross Profit
£414k
Admin Expenses
£354k
Operating Profit
£60k
Profit After Tax
£13k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 1.57 |
Derived from filed accounts. Not audited figures.