1st Transport Innovation (Reading) Ltd
08968645
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/03/2025
micro entity
Next accounts due
31/12/2026
Confirmation statement
Last: 21/11/2025
Due 05/12/2026
Industry
Officers
Persons with Significant Control
Mr Muhammad Amjad
British · England · Age 50
Regus, Brook Drive, Reading, RG2 6UB
Notified 06/12/2025
Former PSCs
Mr Iftikhar Hussain
Ceased 06/12/2025
CompanyRankvs 34531+ SIC 45200 peers32
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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.
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
-£44k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£8k
Working capital
Current Assets
£636
Current Liabilities
£8k
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.08 |
| 2024 | -0.14 |
| 2023 | 23.80 |
Derived from filed accounts. Not audited figures.