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Motorfit Limited

07945317

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

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

Details

MOTORFIT LIMITED, LOUGHBOROUGH, LE11 5RJ
Incorporated 10/02/2012

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 27/06/2025

Due 11/07/2026

On track

Industry

45200
Maintenance and repair of motor vehicles
45320
Retail trade of motor vehicle parts and accessories
47430
Retail sale of audio and video equipment in specialised stores

Officers

Mr Paul Kenneth Joyce

director · Since 10/02/2012

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Mrs Kate Louise Joyce

director · Since 08/07/2020

DIRECTOR

BRITISH · ENGLAND · Age 47

Mrs Helena Joyce

director · Since 07/09/2021

RETIRED

BRITISH · ENGLAND · Age 81

Persons with Significant Control

Mr Paul Kenneth Joyce

25–50% shares
25–50% votes

British · England · Age 50

Unit 12, Aerodrome Close, Loughborough, LE11 5RJ

Notified 06/04/2016

Mrs Kate Louise Joyce

25–50% shares
25–50% votes

British · England · Age 47

Unit 12, Aerodrom Close, Loughborough, LE11 5RJ

Notified 17/11/2020

Former PSCs

Mr Alan Kenneth Joyce

Ceased 17/11/2020

CompanyRankvs 1787+ SIC 45200 peers
84

Financial strength87th percentile among SIC peers · 22/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.42× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

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

Employees13/15 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.

Longevity14/15 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 28/02/2025

Net Worth

£136k

Balance sheet strength

Cash

£173k

Cash in the bank

Net Current Assets

£129k

Working capital

Current Assets

£219k

Current Liabilities

£90k

Fixed Assets

£101k

Debtors

£42k

7avg. employees

Tax at Year End(2023)

Corp tax£12k
VAT£8k

Director Loans(2023)

Company owes directors£1k

Balance Sheet

Assets less current liabilities£229k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.42-£42k
20242.45+£275
20233.37+£6k£152k
20223.36+£67k£152k
20212.04+£27k£256k
20202.65+£24k£156k
20192.15

Derived from filed accounts. Not audited figures.