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Morgans Automotive Ltd

13895230

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 7 UNIT 7 FRIDAYWOOD FARM, COLCHESTER, CO2 0DF
Incorporated 04/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Justin Morgan

director · Since 04/02/2022

MANAGER

BRITISH · ENGLAND · Age 44

Also on 1 other board

Persons with Significant Control

Mr Justin Morgan

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

British · England · Age 44

169, High Street, Barnet, EN5 5SU

Notified 04/02/2022

CompanyRankvs 20946+ SIC 71129 peers
34

Financial strength9th percentile among SIC peers · 2/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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20946Morgans Automotive Ltd
33
How is this score calculated?
Financial strength2/25 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.

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 28/02/2026

Net Worth

-£4k

Balance sheet strength

Cash

£303

Cash in the bank

Net Current Assets

-£4k

Working capital

Current Assets

£303

Current Liabilities

£4k

2avg. employees-1

Balance Sheet

Assets less current liabilities-£4k
Signed by Mr J Morgan 30th July 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20260.08+£2k
20250.08+£5k
20240.26-£20k
20230.31—

Derived from filed accounts. Not audited figures.