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Fuel 24 Assets Limited

14140617

active
Private Limited Company
england wales
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

519 BASINGSTOKE ROAD, READING, RG2 0SH
Incorporated 30/05/2022

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 17/10/2025

Due 31/10/2026

On track

Industry

47300
Retail sale of automotive fuel in specialised stores

Officers

Mr Krishnathasan Navaratnam

director · Since 30/05/2022

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 31 other boards

Mr Praveen Rolson Dsouza

director · Since 13/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 9 other boards

Mr Mark Ashley Lodge

director · Since 13/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 10 other boards

Persons with Significant Control

Mr Krishnathasan Navaratnam

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

British · England · Age 59

519, Basingstoke Road, Reading, RG2 0SH

Notified 30/05/2022

Mr Mark Ashley Lodge

25–50% shares
25–50% votes

British · England · Age 65

Pear Tree Cottage, 81 Main Street, Burton-On-Trent, DE13 7AE

Notified 13/11/2022

CompanyRankvs 1590+ SIC 47300 peers
28

Financial strength1th percentile among SIC peers · 0/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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1590Fuel 24 Assets Limited
24
How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 pts

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

Liquidity6/20 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 31/05/2025

Net Worth

-£289k

Balance sheet strength

Cash

£265k

Cash in the bank

Net Current Assets

-£104k

Working capital

Current Assets

£503k

Current Liabilities

£607k

Fixed Assets

£2.8M

Debtors

£150k

1avg. employees

Tax at Year End

VAT£23k

Director Loans

Company owes directors£852

Balance Sheet

Intangible assets£160k
Assets less current liabilities£2.7M
Signed by Mr Krishnathasan Navaratnam 21/08/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.83-£194k£467k
20245.61——

Derived from filed accounts. Not audited figures.