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Cars 2 Limited

05738906

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 12 outstanding charges (-10)

Details

WALDORF WAY, WAKEFIELD, WF2 8DH
Incorporated 10/03/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles
45112
Sale of used cars and light motor vehicles
45200
Maintenance and repair of motor vehicles
45320
Retail trade of motor vehicle parts and accessories

Officers

Mr Allan George Otley

director · Since 10/03/2006

DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 8 other boards

Lindsay Anne Collier

secretary · Since 09/05/2007

BRITISH

Mrs Lindsay Anne Collier

director · Since 13/02/2012

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 4 other boards

Mr Scott Ledgard Otley

director · Since 08/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 1 other board

Mr Callum Thomas Otley

director · Since 08/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 1 other board

Jeremy Bates

director · Since 01/04/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Mr Neil Martin Crossley

director · Since 31/01/2025

CONSULTANT

BRITISH · UNITED KINGDOM · Age 64

Also on 4 other boards

Persons with Significant Control

Ascot Eot Limited

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust
right-to-appoint-and-remove-directors-as-trust
significant-influence-or-control-as-trust

Waldorf Way, Denby Dale Road, Wakefield, WF2 8DH

Reg: 16095604 · Companies House · Private Limited Company

Notified 31/01/2025

Former PSCs

Mr Allan George Otley

Ceased 31/01/2025

Charges12 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 30/01/2025Registered 31/01/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 30/01/2025Registered 31/01/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 17/10/2023Registered 17/10/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/05/2021Registered 03/06/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 24/05/2021Registered 25/05/2021
Charge
satisfied

LLOYDS BANK PLC

Created 10/08/2016Registered 10/08/2016Satisfied 12/06/2021
Charge
satisfied

BANK OF SCOTLAND PLC

Created 07/03/2014Registered 15/03/2014Satisfied 12/06/2021
Charge
outstanding

HYUNDAI CAPITAL UK LIMITED

Created 19/07/2013Registered 23/07/2013
charge
satisfied

VOLKSWAGEN BANK GMBH

Created 22/01/2013Registered 06/02/2013Satisfied 21/11/2022
charge
satisfied

VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED

Created 22/01/2013Registered 06/02/2013Satisfied 21/11/2022
charge
satisfied

BANK OF SCOTLAND PLC

Created 08/01/2013Registered 10/01/2013Satisfied 12/06/2021
charge
satisfied

BANK OF SCOTLAND PLC

Created 04/04/2008Registered 09/04/2008Satisfied 12/06/2021
charge
satisfied

BANK OF SCOTLAND PLC

Created 03/04/2008Registered 05/04/2008Satisfied 12/06/2021
charge
satisfied

PSA WHOLESALE LTD

Created 03/09/2007Registered 13/09/2007Satisfied 10/02/2020
charge
satisfied

HSBC BANK PLC

Created 02/02/2007Registered 03/02/2007Satisfied 28/01/2009

CompanyRankvs 210+ SIC 45111 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.47× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
1Wilsons Automobiles And Coachworks Limited
90
2Grafise Limited
90
3Sutton Park Holdings Limited
90
4C.John Norris(Cars & Caravans)Limited
89
5Squire Furneaux Cobham Limited
89
6Dale'S Central Motors Limited
89
7F. Vindis & Sons (Sawston) Limited
89
8Cawdor Cars (Newcastle Emlyn) Limited
89
9Arthur Bassett & Co. Limited
89
10Piccadilly Motors Limited
89
210Cars 2 Limited
82
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2023

Net Worth

£24.7M

Balance sheet strength

Cash

£11.1M

Cash in the bank

Profit Before Tax

£4.1M

Bottom line earnings

Net Current Assets

£12.8M

Working capital

Current Assets

£40.3M

Current Liabilities

£27.5M

Fixed Assets

£23.2M

Debtors

£13.6M

Cost of Sales

£179.7M

Admin Expenses

£6.8M

Profit After Tax

£3.0M

239avg. employees+95

Tax at Year End

Corp tax£909k
Dividends paid£500k

People Costs

Wages & salaries£7.9M

Balance Sheet

Intangible assets£33k
Bank loans & overdrafts£11.0M
Assets less current liabilities£36.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.47+£17.3M
20181.27+£3.1M
20161.26—

Derived from filed accounts. Not audited figures.