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Way Transport Ltd

13050191

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

23 23 GRAHAM ROAD, BIRMINGHAM, B8 3BQ
Incorporated 30/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Waqass Ahmed

director · Since 30/11/2020

British

CompanyRankvs 149040+ SIC 49410 peers
54

Financial strength80th percentile among SIC peers · 20/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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14904Way Transport Ltd
54
How is this score calculated?
Financial strength20/25 pts

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

Employees12/15 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.

Longevity5/15 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 31/12/2024

Net Worth

£26k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£24k

Working capital

Current Assets

£2k

Current Liabilities

£26k

Fixed Assets

£51k

3avg. employees

Balance Sheet

Assets less current liabilities£26k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20240.07

Derived from filed accounts. Not audited figures.