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City Taxis (Sunderland) Limited

05806050

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

9 AUSTIN BOULEVARD, SUNDERLAND, SR5 2AL
Incorporated 04/05/2006

Compliance

Last accounts

31/05/2024

unaudited abridged

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 28/02/2026

Due 14/03/2027

On track

Industry

49320
Taxi operation

Officers

Mr Raees Iqbal Malik

director · Since 06/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 22

Also on 4 other boards

Mrs Paula Harvey

director · Since 27/02/2025

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 1 other board

Persons with Significant Control

Mr Raees Iqbal Malik

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

British · United Kingdom · Age 22

9, Austin Boulevard, Sunderland, SR5 2AL

Notified 28/02/2025

Charges1 outstanding

Charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 08/12/2023Registered 08/12/2023Satisfied 16/04/2025
Charge
satisfied

LLOYDS BANK PLC

Created 03/05/2021Registered 03/05/2021Satisfied 14/01/2025
charge
outstanding

GRAINRENT LIMITED

Created 07/03/2013Registered 23/03/2013
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 26/10/2011Registered 28/10/2011Satisfied 05/03/2024

CompanyRankvs 1848+ SIC 49320 peers
55

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 11.92× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1848City Taxis (Sunderland) Limited
65
How is this score calculated?
Financial strength0/25 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.

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 31/05/2025

Net Worth

-£130k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.2M

Current Liabilities

£103k

Fixed Assets

£80k

Debtors

£1.2M

26avg. employees

Tax at Year End(2023)

Corp tax£7k

Balance Sheet

Intangible assets£27k
Assets less current liabilities£1.2M
Prepared with Sage Accounts Production Advanced 2025 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
202511.92+£21k
20243.27—
20231.24—
20221.71-£13k
20211.58+£41k
20201.52+£34k
20191.27—
20181.64—

Derived from filed accounts. Not audited figures.