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Essence Auto'S Ltd

12377085

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

HERTFORDSHIRE BUSINESS CENTRE ALEXANDER ROAD, ST. ALBANS, AL2 1JG
Incorporated 24/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
45200
Maintenance and repair of motor vehicles

Officers

Mr Ziafat Ali

director · Since 24/12/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Persons with Significant Control

Mr Ziafat Ali

25–50% shares

British · United Kingdom · Age 41

37, St. Georges Road, Watford, WD24 6DB

Notified 24/12/2019

Former PSCs

Mr Aamir Iqbal

Ceased 08/05/2020

CompanyRankvs 13451+ SIC 45112 peers
49

Financial strength5th percentile among SIC peers · 1/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.67× · 16/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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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.

Employees10/15 pts

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

Liquidity16/20 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 31/03/2025

Net Worth

-£60k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£36k

Working capital

Current Assets

£91k

Current Liabilities

£55k

2avg. employees

Balance Sheet

Assets less current liabilities£36k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20251.67+£0
20251.67+£47k
20241.34-£110k
20236.56

Derived from filed accounts. Not audited figures.