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Auto Accept Finance Limited

06363110

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

SWIFT HOUSE, NEWCASTLE, ST5 9JJ
Incorporated 06/09/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64929
64929

Officers

Nicholas Mawson

director · Since 06/09/2007

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Mr Kevin David Neesam

director · Since 06/09/2007

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 8 other boards

Persons with Significant Control

The Estate Of Derek James Neesam

75–100% shares
25–50% votes

British · England · Age 89

Swift House, Liverpool Road, Newcastle, ST5 9JJ

Notified 30/06/2016

Mr Kevin David Neesam

50–75% votes
Appoint directors

British · England · Age 64

Swift House, Liverpool Road, Newcastle, ST5 9JJ

Notified 08/09/2017

Charges3 outstanding

Charge
satisfied

SENECA CAPITAL LTD

Created 22/02/2017Registered 24/02/2017Satisfied 16/01/2023
Charge
outstanding

HAMPSHIRE TRUST BANK PLC

Created 25/09/2015Registered 25/09/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 17/02/2015Registered 19/02/2015
Charge
satisfied

BARCLAYS BANK PLC

Created 14/11/2013Registered 18/11/2013Satisfied 21/02/2014
charge
satisfied

KINGSTON ASSET FINANCE

Created 15/08/2008Registered 21/08/2008Satisfied 30/11/2022
charge
satisfied

SINGER & FRIEDLANDER LEASING LTD

Created 12/05/2008Registered 23/05/2008Satisfied 30/11/2022
charge
satisfied

KINGSTON ASSET FINANCE LIMITED

Created 21/01/2008Registered 31/01/2008Satisfied 30/11/2022
charge
satisfied

HITACHI CAPITAL (UK) PLC

Created 18/01/2008Registered 19/01/2008Satisfied 30/11/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/12/2007Registered 20/12/2007Satisfied 02/04/2015
charge
outstanding

SIEMENS FINANCIAL SERVICES LTD

Created 22/11/2007Registered 27/11/2007

CompanyRankvs 506+ SIC 64929 peers
41

Financial strength69th percentile among SIC peers · 17/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.46× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength17/25 pts

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

Employees2/15 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

the directors are aware that the company has stopped lending, which may cause doubt on the company's ability to continue as a going concern. 1.3 Revenue Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and

Key FinancialsYear ending 31/03/2025

Net Worth

£160k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£612k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.3M

Fixed Assets

£120k

Debtors

£1.6M

0avg. employees

Tax at Year End

Corp tax£29k

Balance Sheet

Intangible assets£0
Assets less current liabilities£732k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.46+£0
20251.46-£51k
20241.40+£15k
20232.07-£36k
20221.62-£29k
20212.53

Derived from filed accounts. Not audited figures.