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Wheels For Less Limited

10948002

active
Private Limited Company
england wales
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

BALFOUR BUSINESS CENTRE, ILFORD, IG1 1BF
Incorporated 06/09/2017

Compliance

Last accounts

27/09/2024

micro entity

Next accounts due

27/06/2026

On track

Confirmation statement

Last: 10/02/2026

Due 24/02/2027

On track

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Mohammad Ali Khan

director · Since 06/09/2017

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 4 other boards

Mr Zishan Ali Khan

director · Since 06/09/2017

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 7 other boards

Persons with Significant Control

Mr Zishan Ali Khan

25–50% shares
25–50% votes

Indian · United Kingdom · Age 48

Balfour Business Centre, 390-392 High Road, Ilford, IG1 1BF

Notified 06/09/2017

Mr Mohammad Ali Khan

25–50% shares
25–50% votes

British · England · Age 50

Balfour Business Centre, 390-392 High Road, Ilford, IG1 1BF

Notified 06/09/2017

CompanyRankvs 16739+ SIC 45112 peers
41

Financial strength2th percentile among SIC peers · 1/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.62× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
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16739Wheels For Less Limited
36
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.

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.

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

Key FinancialsYear ending 27/09/2025

Net Worth

-£142k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£135k

Working capital

Current Assets

£222k

Current Liabilities

£357k

Fixed Assets

£1k

2avg. employees

Tax at Year End(2023)

VAT£2k

Balance Sheet

Assets less current liabilities-£134k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.62-£68k—
20240.80-£35k—
20231.52—£38k

Derived from filed accounts. Not audited figures.