Flat Free Tyres Limited
05692726
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
audit exemption subsidiary
Next accounts due
31/07/2026
Confirmation statement
Last: 31/01/2026
Due 14/02/2027
Industry
Officers
director · Since 17/06/2024
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 48
Also on 21 other boards
director · Since 17/02/2025
CHIEF EXECUTIVE OFFICER
BRITISH · UNITED KINGDOM · Age 55
Also on 17 other boards
Persons with Significant Control
Ability Matters Group Limited
Ability House, Nuffield Way, Abingdon, OX14 1RL
Reg: 03039768 · Companies House · Limited Company
Notified 30/08/2019
Former PSCs
Mr Colin Philip Scarsi
Ceased 30/08/2019
Charges0 outstanding
SANTANDER UK PLC AS SECURITY TRUSTEE
LLOYDS BANK COMMERCIAL FINANCE LIMITED
THE ROYAL BANK OF SCOTLAND PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
CompanyRankvs 346+ SIC 22290 peers72
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Going concern The Directors assess whether the use of the going concern basis is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant
Key FinancialsYear ending 31/10/2020
Net Worth
£522k
Balance sheet strength
Cash
£121k
Cash in the bank
Net Current Assets
£439k
Working capital
Current Assets
£850k
Current Liabilities
£411k
Fixed Assets
£97k
Debtors
£349k
Director Loans(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2020 | 2.07 | +£30k |
| 2019 | 1.93 | — |
Derived from filed accounts. Not audited figures.