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London Speed Limited

07404652

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

255 GREEN LANES, LONDON, N13 4XE
Incorporated 12/10/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45400
Sale, maintenance and repair of motorcycles and related parts and accessories

Officers

Mr Ian David Taylor

director · Since 12/10/2010

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 3 other boards

Persons with Significant Control

Mr Ian David Taylor

75–100% shares

British · England · Age 64

255, Green Lanes, London, N13 4XE

Notified 06/04/2016

CompanyRankvs 44+ SIC 45400 peers
89

Financial strength98th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 5.11× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees14/15 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.

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

£1.8M

Balance sheet strength

Cash

£605k

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£2.0M

Current Liabilities

£392k

Fixed Assets

£179k

Debtors

£168k

Profit After Tax

-£79k

8avg. employees

Tax at Year End

Corp tax-£7k
Dividends paid£75k

Director Loans(2019)

Directors owe company£129k

Balance Sheet

Intangible assets£90k
Assets less current liabilities£1.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20255.11-£154k
20249.21-£71k
20234.34+£88k
20224.38+£304k
20213.77+£642k
20201.85+£215k
20192.37+£131k£2.8M
20182.07£1.6M

Derived from filed accounts. Not audited figures.