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Future Motors Limited

11394800

active
Private Limited Company
england wales
Companies House
Health Score
62 / 100

Some Concerns

30/30
Filing
0/30
Financial
32/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

KINGFISHER HOUSE, BILLERICAY, CM12 0EQ
Incorporated 04/06/2018

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 18/03/2026

Due 01/04/2027

On track

Industry

27110
Manufacture of electric motors, generators and transformers

Officers

Mr Simon Hobart Charles Morrish

director · Since 19/12/2018

MANAGEMENT

BRITISH · UNITED KINGDOM · Age 51

Mr Jehad Verjee

director · Since 19/12/2018

DIRECTOR

CANADIAN · UNITED KINGDOM · Age 44

Also on 14 other boards

Mr Andy Sumner

director · Since 22/07/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 1 other board

Persons with Significant Control

Ms Nadira Lalji

25–50% shares

British · England · Age 39

93, Park Lane, London, W1K 7TB

Notified 30/03/2021

Former PSCs

Mrs Rachel Catherine Gundry

Ceased 30/07/2018

Ms Nadira Lalji

Ceased 29/03/2021

Charges4 outstanding

Charge
outstanding

SOLAR VENTUS LIMITED

Created 16/05/2024Registered 21/05/2024
Charge
outstanding

JEHAD VERJEE

Created 16/05/2024Registered 20/05/2024
Charge
outstanding

SOLAR VENTUS LIMITED

Created 16/05/2024Registered 20/05/2024
Charge
outstanding

LITTLEWOOD FENCING LIMITED

Created 16/05/2024Registered 20/05/2024

CompanyRankvs 248+ SIC 27110 peers
33

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 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.

Longevity8/15 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

Outstanding charges: -10 pts

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

-£554k

Balance sheet strength

Cash

£187k

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£4.6M

Current Liabilities

£5.7M

Fixed Assets

£2.3M

Debtors

£2.1M

25avg. employees-3

Balance Sheet

Intangible assets£84k
Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81-£1.2M
20230.95-£629k
20221.01-£729k
20213.35+£2.0M
20201.45+£0
201963.18

Derived from filed accounts. Not audited figures.