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Joe Macari Performance Cars Limited

09360245

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

249-251 MERTON ROAD, LONDON, SW18 5EB
Incorporated 18/12/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Joseph Macari

director · Since 18/12/2014

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 18 other boards

Persons with Significant Control

Mr Joseph Macari

75–100% shares

British · United Kingdom · Age 59

249-251, Merton Road, London, SW18 5EB

Notified 01/07/2016

Charges0 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 17/01/2024Registered 25/01/2024Satisfied 09/10/2025

CompanyRankvs 10867+ SIC 45112 peers
45

Financial strength69th percentile among SIC peers · 17/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 1× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength17/25 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.

Longevity11/15 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the director with respect to

Key FinancialsYear ending 30/06/2024

Turnover

£101.7M

Annual revenue

Net Worth

£18k

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

£3k

Bottom line earnings

Net Current Assets

-£12k

Working capital

Current Assets

£25.7M

Current Liabilities

£25.7M

Fixed Assets

£30k

Debtors

£9.2M

Cost of Sales

£98.8M

Gross Profit

£2.9M

Admin Expenses

£2.9M

Profit After Tax

£2k

1avg. employees
Signed by 09360245 2023-07-01 2024-06-30 09360245 2024-06-30 09360245 bus:OrdinaryShareClass1 2024-06-30 09360245 core:RetainedEarPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.00+£2k
20231.00

Derived from filed accounts. Not audited figures.