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The Car Group Ltd

09195686

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

C/O COWGILLS LIMITED, FOURTH FLOOR, UNIT 5B, BOLTON, BL6 4SD
Incorporated 30/08/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Raza Attif Habib

director · Since 27/10/2017

SALES MAN

BRITISH · ENGLAND · Age 45

Also on 6 other boards

Persons with Significant Control

The Car Group Holdings Ltd

75–100% shares

The Car Group Ltd, The Car Depot, Bury, BL9 0NJ

Reg: 13337507 · Register Of Companies · Limited Company

Notified 21/09/2023

Former PSCs

Mr Rafath Mahmood

Ceased 26/10/2017

Mr Raza Attif Habib

Ceased 21/09/2023

Charges0 outstanding

Charge
satisfied

CHARLES STREET COMMERCIAL INVESTMENTS LIMITED

Created 25/07/2023Registered 04/08/2023Satisfied 22/04/2024
Charge
satisfied

CHARLES STREET COMMERCIAL INVESTMENTS LIMITED

Created 25/07/2023Registered 04/08/2023Satisfied 22/04/2024
Charge
satisfied

CHARLES STREET COMMERCIAL INVESTMENTS LIMITED

Created 20/05/2022Registered 24/05/2022Satisfied 22/04/2024
Charge
satisfied

CHARLES STREET COMMERCIAL INVESTMENTS LIMITED

Created 20/05/2022Registered 24/05/2022Satisfied 22/04/2024
Charge
satisfied

BCA VEHICLE FINANCE LIMITED

Created 21/01/2021Registered 21/01/2021Satisfied 11/11/2023

CompanyRankvs 15+ SIC 45112 peers
23

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern We draw attention to Note 1.2 in the financial statements, which indicates the company incurred a net cash outflow of £323,019 during the year ended 31 December 2022 and, as of that date, the comp

Key FinancialsYear ending 31/12/2022

Net Worth

£7.6M

Balance sheet strength

Cash

£199k

Cash in the bank

Profit Before Tax

£50k

Bottom line earnings

Net Current Assets

-£2.0M

Working capital

Current Assets

£9.4M

Current Liabilities

£11.4M

Fixed Assets

£21.1M

Debtors

£687k

Cost of Sales

£28.1M

Admin Expenses

£3.4M

Profit After Tax

£54k

66avg. employees+26

Tax at Year End

Corp tax£4k
Dividends paid£34k

People Costs

Wages & salaries£1.5M

Balance Sheet

Bank loans & overdrafts£2.6M
Assets less current liabilities£19.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20220.82+£1.6M
20201.29+£5.3M
20190.32+£503k
201882.05

Derived from filed accounts. Not audited figures.