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Credence Motor Ltd

13888261

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)

Details

20 MARITIME WAY, MILTON KEYNES, MK10 7FS
Incorporated 02/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
45190
Sale of other motor vehicles
77110
Renting and leasing of cars and light motor vehicles

Officers

Mrs Shivani Sharma

director · Since 02/02/2022

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 2 other boards

Mr Akshit Yadav

director · Since 02/02/2022

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Persons with Significant Control

Mr Akshit Yadav

25–50% shares
25–50% votes
Appoint directors

British · England · Age 45

20, Maritime Way, Milton Keynes, MK10 7FS

Notified 02/02/2022

Mrs Shivani Sharma

50–75% shares
50–75% votes
Appoint directors

British · England · Age 45

20, Maritime Way, Milton Keynes, MK10 7FS

Notified 02/02/2022

CompanyRankvs 21874+ SIC 45112 peers
28

Financial strength35th percentile among SIC peers · 9/25
Employees0th percentile among SIC peers · 0/15
LiquidityNo balance sheet data · 0/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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21874Credence Motor Ltd
28
How is this score calculated?
Financial strength9/25 pts

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

Employees0/15 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.

Longevity4/15 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 26/08/2024

Net Worth

£100

Balance sheet strength

Cash

£100

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

—

Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20230.15

Derived from filed accounts. Not audited figures.