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Project Cars (Uk) Limited

08918990

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

22-24 ALBION STREET, LONDON, SE16 7JQ
Incorporated 03/03/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Babrul Hussain Matin

director · Since 03/03/2014

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 17 other boards

Persons with Significant Control

Ms Khadijah Karim

25–50% shares

British · United Kingdom · Age 45

The Office, Rogers Yard, Common Lane, Norwich, NR9 5QW

Notified 06/04/2016

Mr Babrul Hussain Matin

25–50% shares

British · United Kingdom · Age 47

The Office, Rogers Yard, Common Lane, Norwich, NR9 5QW

Notified 06/04/2016

CompanyRankvs 17125+ SIC 45112 peers
40

Financial strength4th percentile among SIC peers · 1/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.63× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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17125Project Cars (Uk) Limited
36
How is this score calculated?
Financial strength1/25 pts

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

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 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 29/03/2024

Net Worth

-£68k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£48k

Working capital

Current Assets

£81k

Current Liabilities

£129k

1avg. employees+1

Balance Sheet

Assets less current liabilities-£48k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.63-£1k
20230.55-£12k
20220.65-£107k
20210.45+£103k
20200.58-£56k
20191.46-£998
20180.88—

Derived from filed accounts. Not audited figures.