Steer Automotive Group Limited
08239702
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Previously known as
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 04/10/2025
Due 18/10/2026
Industry
Officers
Former
director · Resigned 13/07/2018
director · Resigned 10/03/2025
Persons with Significant Control
Rks Holdings Ltd
105, High Street, Worcester, WR1 2HW
Reg: 11166953 · Registrar Of Companies · Limited Company
Notified 13/07/2018
Former PSCs
Mr Stephen Warner
Ceased 13/07/2018
Charges1 outstanding
ARES MANAGEMENT LIMITED (THE “SECURITY AGENT�) AND ITS SUCCESSORS IN TITLE AND PERMITTED TRANSF
ARES MANAGEMENT LIMITED AS SECURITY AGENT AND TRUSTEE FOR THE BENEFICIARIES.
ARES MANAGEMENT LIMITED AS SECURITY AGENT FOR THE BENEFICIARIES
SME INVOICE FINANCE LIMITED
CHILTERN CAPITAL NOMINEES (TORRENT) LIMITED (AS SECURITY TRUSTEE)
METRO BANK PLC
METRO BANK PLC
VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED
LLOYDS BANK PLC
LLOYDS BANK PLC
Change History
Active
Private Limited Company
105 HIGH STREET
WORCESTER
CompanyRankvs 7587+ SIC 45200 peers51
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going con
Key FinancialsYear ending 31/03/2022
Net Worth
£4.3M
Balance sheet strength
Cash
£2.7M
Cash in the bank
Net Current Assets
-£16.7M
Working capital
Current Assets
£13.4M
Current Liabilities
£30.1M
Fixed Assets
£23.1M
Debtors
£9.5M
Profit After Tax
£1.3M
Tax at Year End(2021)
People Costs(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 0.45 | +£464k |
| 2021 | 1.35 | +£993k |
| 2020 | 1.22 | — |
Derived from filed accounts. Not audited figures.