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Xl Cars (Group) Limited

12257441

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

XL GREEN CARS UNIT 1A, WEDNESBURY, WS10 0AS
Incorporated 11/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49320
Taxi operation

Officers

Mrs Usha Bains Rowley

director · Since 16/01/2020

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 4 other boards

Persons with Significant Control

Mrs Usha Bains Rowley

75–100% shares
75–100% votes
Appoint directors

British · England · Age 55

Xl Green Cars, Unit 1a, Wednesbury, WS10 0AS

Notified 01/07/2021

Former PSCs

Mr Aroon Iqbal Din

Ceased 12/07/2023

CompanyRankvs 8290+ SIC 49320 peers
29

Financial strength2th percentile among SIC peers · 1/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.27× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees14/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

8 6 Creditors: amounts falling due after one year 2025 2024 £ £ Bank loans 2,500 12,500 7 Share capital 2025 2024 £ £ Allotted, called up and fully paid: Ordinary shares 100 100 8 Going concern The accounts have been prepared on the going concern basis. However, the balance sheet shows the company had net liabilities of £97,359 at 31 March 2025. There is a material uncerta

Key FinancialsYear ending 31/03/2025

Net Worth

-£97k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£105k

Working capital

Current Assets

£38k

Current Liabilities

£143k

Fixed Assets

£10k

Debtors

£28k

11avg. employees-4

Balance Sheet

Bank loans & overdrafts£3k
Assets less current liabilities-£95k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.27+£12k
20240.28-£35k
20230.31-£29k
20220.51-£19k
20210.75—

Derived from filed accounts. Not audited figures.