Low Cost Fare Ltd
10338058
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Mudassar Rafik Shaikh
British · England · Age 43
532, High Street North, London, E12 6QN
Notified 19/08/2016
Former PSCs
Mr Abdul Farhan Shaikh
Ceased 19/08/2016
CompanyRankvs 5647+ SIC 79110 peers42
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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 31/08/2024
Net Worth
-£93k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£51k
Working capital
Current Assets
£3k
Current Liabilities
£54k
Fixed Assets
£5k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.05 | -£12k |
| 2023 | 0.09 | -£10k |
| 2022 | 0.52 | -£28k |
| 2021 | 1.71 | +£10k |
| 2020 | 2.09 | -£64k |
| 2019 | 0.21 | +£10k |
| 2018 | 1.07 | — |
Derived from filed accounts. Not audited figures.