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Zn Cars Ltd

12243053

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

31A NORTHBROOK ROAD, ILFORD, IG1 3BP
Incorporated 04/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
45190
Sale of other motor vehicles

Officers

Mr Naqqash Ahmad

director · Since 15/06/2023

DIRECTOR

BRITISH · ENGLAND · Age 36

Also on 3 other boards

Persons with Significant Control

Mr Naqqash Ahmad

75–100% shares

Pakistani · England · Age 36

31a, Northbrook Road, Ilford, IG1 3BP

Notified 15/06/2023

Former PSCs

Mr Naqqash Ahmad

Ceased 27/01/2020

Mr Zaheer Abbas

Ceased 15/06/2023

CompanyRankvs 22270+ SIC 45112 peers
30

Financial strength17th percentile among SIC peers · 4/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio -4.5× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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22270Zn Cars Ltd
27
How is this score calculated?
Financial strength4/25 pts

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

Employees2/15 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 31/10/2023

Net Worth

-£4k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

£37k

Working capital

Current Assets

£30k

Current Liabilities

-£7k

Debtors

£3k

0avg. employees

Balance Sheet

Bank loans & overdrafts£41k
Assets less current liabilities£37k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20234.50+£676
202212.93+£298
20214.60-£7k
202019.61—

Derived from filed accounts. Not audited figures.