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Ultimate Classic Cars Limited

10184156

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

IHL, PURLEY, CR8 2AU
Incorporated 17/05/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Waqar Ahmed

secretary · Since 17/05/2016

Mrs Farhat Ahmed

director · Since 17/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 2 other boards

Mr Waqar Ahmed

director · Since 17/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Persons with Significant Control

Icona Holdings Limited

75–100% shares
75–100% votes

Ihl, 12 Whytecliffe Road South, Purley, CR8 2AU

Reg: 10765184 · England · Private Company Limited By Shares

Notified 05/05/2023

Former PSCs

Mr Waqar Ahmed

Ceased 05/05/2023

CompanyRankvs 16299+ SIC 45112 peers
42

Financial strength3th percentile among SIC peers · 1/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.88× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 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.

Longevity10/15 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 31/05/2025

Net Worth

-£80k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£79k

Working capital

Current Assets

£588k

Current Liabilities

£667k

2avg. employees

Balance Sheet

Assets less current liabilities-£79k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.88+£0
20250.88-£15k
20240.90-£7k
20230.91-£42k
20220.95-£24k
20210.98

Derived from filed accounts. Not audited figures.