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Redline Automotive Ltd

11815898

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

7 GROSVENOR GRANGE, WARRINGTON, WA1 4SF
Incorporated 08/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
46190
Agents involved in the sale of a variety of goods
47990
Other retail sale not in stores, stalls or markets

Officers

Mr Michael Banks

director · Since 08/02/2019

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 3 other boards

Mr Gary James Mullen

director · Since 08/02/2019

DIRECTOR

BRITISH · ENGLAND · Age 45

Mr Josh Edward Darby

director · Since 22/05/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 5 other boards

Mr George Sapey

director · Since 22/05/2024

COMPANY DIRECTOR

BRITISH · UNITED ARAB EMIRATES · Age 29

Mr Punit Shah

director · Since 22/05/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 5 other boards

Mr Ross John Youngman

director · Since 22/05/2024

COMPANY DIRECTOR

BRITISH · UNITED ARAB EMIRATES · Age 34

Persons with Significant Control

Redline Corp Holdings Limited

25–50% shares
25–50% votes

7, Grosvenor Grange, Warrington, WA1 4SF

Reg: 15474988 · Companies House · Private Limited Company

Notified 20/05/2024

Cloud Canyon Ltd

25–50% shares
25–50% votes
Appoint directors

167-169, Great Portland Street, London, W1W 5PF

Reg: 10631445 · Companies House · Private Limited Company

Notified 22/05/2024

Former PSCs

Mr Michael Banks

Ceased 20/05/2024

Mr Gary James Mullen

Ceased 20/05/2024

CompanyRankvs 18226+ SIC 45112 peers
34

Financial strength1th percentile among SIC peers · 0/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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18226Redline Automotive Ltd
34
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.

Employees10/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 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 29/02/2024

Net Worth

-£178k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£116k

Working capital

Current Assets

£54k

Current Liabilities

£174k

Fixed Assets

£3k

2avg. employees

Balance Sheet

Assets less current liabilities-£113k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.31-£156k
20231.71-£1k
20221.65-£46k
20214.72+£29k

Derived from filed accounts. Not audited figures.