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Paint Chip Ltd

09434062

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

105 HIGH STREET, WORCESTER, WR1 2HW
Incorporated 11/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45200
Maintenance and repair of motor vehicles

Officers

Mr Paul Christopher Hawkes

director · Since 30/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 64 other boards

Mr Richard Kenneth Steer

director · Since 30/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 91 other boards

Persons with Significant Control

Fastlane Paint And Body Limited

75–100% shares
75–100% votes
Appoint directors

105, High Street, Worcester, WR1 2HW

Reg: 05189582 · Companies House Register (Uk) · Private Limited Company

Notified 08/12/2023

Former PSCs

Mr Alex Andrea

Ceased 08/12/2023

Mr Peter Michael Weil

Ceased 08/12/2023

CompanyRankvs 24357+ SIC 45200 peers
48

Financial strength8th percentile among SIC peers · 2/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

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

Employees14/15 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.

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

Key FinancialsYear ending 31/12/2022

Net Worth

-£21k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

-£120k

Working capital

Current Assets

£166k

Current Liabilities

£286k

Fixed Assets

£99k

Debtors

£4k

9avg. employees

Balance Sheet

Bank loans & overdrafts£43k
Assets less current liabilities-£21k
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20220.58

Derived from filed accounts. Not audited figures.