Low Cost Fare Ltd
10338058
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/08/2024
total exemption full
Next accounts due
31/05/2026
Confirmation statement
Last: 22/08/2025
Due 05/09/2026
Industry
Officers
Persons with Significant Control
Mr Mudassar Rafik Shaikh
British · England
Notified 19/08/2016
Former PSCs
Mr Abdul Farhan Shaikh
Ceased 19/08/2016
CompanyRankvs 5577+ 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 31/08/2025
Net Worth
-£118k
Balance sheet strength
Cash
£4
Cash in the bank
Net Current Assets
-£75k
Working capital
Current Assets
£4
Current Liabilities
£75k
Fixed Assets
£4k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.00 | -£25k |
| 2024 | 0.05 | -£12k |
| 2023 | 0.09 | — |
Derived from filed accounts. Not audited figures.