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Truth Logistics Ltd

12283586

active
Private Limited Company
england wales
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)

Details

69 CHELMSFORD DRIVE COVENTRY, COVENTRY, CV6 5NU
Incorporated 28/10/2019

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 27/10/2025

Due 10/11/2026

On track

Industry

49320
Taxi operation
49410
Freight transport by road

Officers

Peter Gyamfi

director · Since 28/10/2019

Ghanaian

CompanyRankvs 79530+ SIC 49320 peers
38

Financial strength57th percentile among SIC peers · 14/25
Employees12th percentile among SIC peers · 2/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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7953Truth Logistics Ltd
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How is this score calculated?
Financial strength14/25 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.

Liquidity0/20 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 31/10/2024

Net Worth

£2k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£2k

Working capital

Current Assets

£2k

Current Liabilities

—

Fixed Assets

£658

0avg. employees-1

Balance Sheet

Assets less current liabilities£2k
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent Ratio
20221.02
202119.90

Derived from filed accounts. Not audited figures.