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Freight Services Ltd

10770302

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)
  • Going concern doubt noted in accounts (-10)

Details

11 UNION ROAD, OLDBURY, B69 3EX
Incorporated 15/05/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Mr Hardip Singh

director · Since 01/02/2022

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 4 other boards

Persons with Significant Control

Mr Hardip Singh

25–50% shares

British · England · Age 41

Unit 2d, Pearsall Drive, Oldbury, B69 2RA

Notified 01/02/2022

Mr Talvinder Singh

25–50% shares

Indian · England · Age 38

11, Union Road, Oldbury, B69 3EX

Notified 01/05/2022

Mr Jasbir Singh

25–50% shares

British · United Kingdom · Age 39

Unit 2d, Pearsall Drive, Oldbury, B69 2RA

Notified 01/05/2022

Former PSCs

Mr Harminder Singh Bhogal

Ceased 01/07/2019

Mr Harminder Singh Bhogal

Ceased 07/10/2020

Mr Gurdev Singh

Ceased 01/02/2022

CompanyRankvs 32809+ SIC 49410 peers
33

Financial strength2th percentile among SIC peers · 1/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.67× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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32809Freight Services Ltd
39
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.

Employees12/15 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.

Longevity9/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 30/05/2025

Net Worth

-£54k

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

-£57k

Working capital

Current Assets

£114k

Current Liabilities

£171k

Fixed Assets

£34k

Debtors

£76k

3avg. employees-1

Balance Sheet

Assets less current liabilities-£23k
Signed by H Singh 23/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.67+£114k
20240.38-£139k
20230.23-£66k
20220.37+£4k
20210.97+£3k
20200.05+£6k
20190.04—

Derived from filed accounts. Not audited figures.