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Cars Spot Limited

11125612

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

267 GREEN LANE, ILFORD, IG3 9TN
Incorporated 27/12/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Muhammad Asif Khawaja

director · Since 27/12/2017

BUSINESS

BRITISH · ENGLAND · Age 50

Also on 5 other boards

Persons with Significant Control

Mr Muhammad Asif Khawaja

75–100% shares

British · England · Age 50

267, Green Lane, Ilford, IG3 9TN

Notified 01/11/2020

CompanyRankvs 4591+ SIC 45112 peers
69

Financial strength84th percentile among SIC peers · 21/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.18× · 12/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength21/25 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.

Liquidity12/20 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 31/12/2024

Net Worth

£88k

Balance sheet strength

Cash

£252k

Cash in the bank

Net Current Assets

£130k

Working capital

Current Assets

£855k

Current Liabilities

£725k

Fixed Assets

£65k

Debtors

£134k

3avg. employees

Balance Sheet

Assets less current liabilities£195k
Signed by 2024-01-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20241.18+£28k
20231.31+£26k
20221.66+£31k
202141.65+£1k
202067.35
201922.62
20181.00

Derived from filed accounts. Not audited figures.