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Iac Cars Limited

05803084

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

MORNHILL GARAGE, WINCHESTER, SO21 1HH
Incorporated 03/05/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Ian Andrew Cockram

director · Since 03/05/2006

CAR TRADER

BRITISH · UNITED KINGDOM · Age 44

Also on 3 other boards

Mrs Jessica Anna Cockram

director · Since 31/07/2025

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 2 other boards

Persons with Significant Control

Mr Ian Andrew Cockram

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 44

Mornhill Garage, Alresford Road, Winchester, SO21 1HH

Notified 06/04/2016

Mrs Jessica Anna Cockram

75–100% shares
75–100% votes
Appoint directors

British · England · Age 44

Mornhill Garage, Alresford Road, Winchester, SO21 1HH

Notified 01/05/2018

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 11/03/2025Registered 18/03/2025
Charge
outstanding

LLOYDS BANK PLC

Created 11/03/2025Registered 12/03/2025
charge
satisfied

LLOYDS TSB BANK PLC

Created 11/07/2011Registered 13/07/2011Satisfied 31/03/2021

CompanyRankvs 684+ SIC 45112 peers
75

Financial strength98th percentile among SIC peers · 25/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 6.4× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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684Iac Cars Limited
85
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.

Employees10/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/04/2025

Net Worth

£1.5M

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.4M

Current Liabilities

£225k

Fixed Assets

£634k

Debtors

£389k

2avg. employees-1

Balance Sheet

Bank loans & overdrafts£334k
Assets less current liabilities£1.8M
Signed by 05803084 2024-05-01 2025-04-30 05803084 2025-04-30 05803084 bus:OrdinaryShareClass1 bus:CumulativeShares 2025-04-30 0580Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20256.40+£125k
20248.89+£18k
202313.19+£67k
202213.84+£106k
20217.75+£212k
202011.70+£105k
201910.99—

Derived from filed accounts. Not audited figures.