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We Buy Cars For More Limited

08963870

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

WE BUY CARS FOR MORE LIMITED ADAMSEZ INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE15 6XA
Incorporated 27/03/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Christian James Denning

director · Since 27/03/2014

CAR SALES

BRITISH · ENGLAND · Age 56

Also on 1 other board

Mr Jaspal Singh Purba

director · Since 27/03/2014

CAR SALES

BRITISH · UNITED KINGDOM · Age 45

Also on 1 other board

Persons with Significant Control

Dennings Limited

25–50% shares

We Buy Cars For More Limited, Adamsez Industrial Estate, Newcastle Upon Tyne, NE15 6XA

Reg: 16141090 · Register Of Companies · Limited By Shares

Notified 25/06/2025

Purba Limited

25–50% shares

We Buy Cars For More Limited, Adamsez Industrial Estate, Newcastle Upon Tyne, NE15 6XA

Reg: 16547606 · Register Of Companies · Limited By Shares

Notified 25/06/2025

Former PSCs

Mr Christian James Denning

Ceased 25/06/2025

Mr Jaspal Singh Purba

Ceased 25/06/2025

Charges2 outstanding

Charge
outstanding

LE CAPITAL UK (ASSET 1) LIMITED

Created 28/06/2024Registered 28/06/2024
Charge
satisfied

KENNET EQUIPMENT LEASING LTD

Created 13/01/2022Registered 21/01/2022Satisfied 25/04/2022
Charge
outstanding

BARCLAYS BANK PLC

Created 12/06/2020Registered 27/06/2020

CompanyRankvs 1911+ SIC 45112 peers
72

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.53× · 16/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£836k

Balance sheet strength

Cash

£304k

Cash in the bank

Net Current Assets

£875k

Working capital

Current Assets

£2.5M

Current Liabilities

£1.6M

Fixed Assets

£17k

Debtors

£75k

11avg. employees-2

Tax at Year End

Corp tax£173k
VAT£76k

Director Loans

Directors owe company£75k

Balance Sheet

Assets less current liabilities£892k
Signed by Mr Jaspal Purba Mr Christian Denning 18th September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.53+£110k£1.5M
20241.62+£148k£1.9M
20231.44

Derived from filed accounts. Not audited figures.