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Locar Limited

12261935

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

62 THE ENTERPRISE CENTRE, POTTERS BAR, EN6 3DQ
Incorporated 15/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
77110
Renting and leasing of cars and light motor vehicles

Officers

Mr Adam James Wheeler

director · Since 15/10/2019

DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 5 other boards

Ms Chloe Melissa Wheeler

director · Since 24/04/2021

DIRECTOR

BRITISH · ENGLAND · Age 31

Also on 1 other board

Persons with Significant Control

Ms Chloe Wheeler

25–50% shares
25–50% votes

British · United Kingdom · Age 31

62 The Enterprise Centre, Cranborne Road, Potters Bar, EN6 3DQ

Notified 15/10/2019

Mr Adam James Wheeler

25–50% shares
25–50% votes

British · United Kingdom · Age 35

62 The Enterprise Centre, Cranborne Road, Potters Bar, EN6 3DQ

Notified 15/10/2019

CompanyRankvs 8116+ SIC 45112 peers
59

Financial strength89th percentile among SIC peers · 22/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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8116Locar Limited
58
How is this score calculated?
Financial strength22/25 pts

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

Employees13/15 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 31/10/2025

Net Worth

£171k

Balance sheet strength

Cash

£42k

Cash in the bank

Net Current Assets

-£566k

Working capital

Current Assets

£139k

Current Liabilities

£705k

Fixed Assets

£2.0M

Debtors

£97k

4avg. employees

Tax at Year End

VAT£936

Balance Sheet

Assets less current liabilities£1.5M
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.20+£0£19k
20250.20+£49k£19k
20240.18-£42k£197k
20234.05+£30k—
20221.65+£57k—
202128.45+£50k—
20201.62——

Derived from filed accounts. Not audited figures.