Back to search

Economical Solution Ltd

13521053

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 9 CARLTON PHOENIX INDUSTRIAL ESTATE, WORKSOP, S80 2EE
Incorporated 20/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
47910
Retail sale via mail order houses or via Internet
95240
Repair of furniture and home furnishings

Officers

Mr Carl Anthony Alexander Walker

director · Since 20/07/2021

SALES DIRECTOR

ENGLISH · ENGLAND · Age 47

Persons with Significant Control

Mr Carl Anthony Alexander Walker

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

English · England · Age 47

Unit 9, Carlton Phoenix Industrial Estate, Worksop, S80 2EE

Notified 20/07/2021

CompanyRankvs 18956+ SIC 45112 peers
32

Financial strength16th percentile among SIC peers · 4/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.18× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Wilsons Automobiles And Coachworks Limited
90
2J.P. Arthur & Sons Limited
90
3Gumbrell'S Motors Limited
90
4Brunswick Garage Limited
90
5Leeson'S Garage Limited
90
6Platts Motor Company Limited
90
7D.G. Weaver Limited
90
8Ben Smith & Sons(Wantage)Limited
90
9Holders Of Congresbury Limited
90
10Westridge Garage (Ryde) Limited
90
18956Economical Solution Ltd
32
How is this score calculated?
Financial strength4/25 pts

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

Employees6/15 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 31/07/2024

Net Worth

-£5k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£1k

Current Liabilities

£7k

1avg. employees
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.18+£585
20230.19—

Derived from filed accounts. Not audited figures.