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Otto Car Spv 1 Ltd

14258888

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

3 SUSSEX PLACE, HAMMERSMITH, W6 9EA
Incorporated 27/07/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Gurinder Singh Dhillon

director · Since 27/07/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Persons with Significant Control

Otto Group Holdings Limited

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

3, Sussex Place, Hammersmith, W6 9EA

Reg: 14189860 · Companies House · Limited

Notified 27/07/2022

Charges2 outstanding

Charge
outstanding

LEUMI UK GROUP LIMITED

Created 15/11/2022Registered 18/11/2022
Charge
outstanding

OTTO GROUP HOLDINGS LIMITED

Created 15/11/2022Registered 17/11/2022

CompanyRankvs 22609+ SIC 64209 peers
34

Financial strength79th percentile among SIC peers · 20/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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22609Otto Car Spv 1 Ltd
50
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.

Employees9/15 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adapt the going concern basis in preparing the annual report and accounts. Page 3 OTTO CAR SPV1 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2. Accounting policies (continued) 2.3 Revenue Re

Key FinancialsYear ending 31/03/2024

Net Worth

£368k

Balance sheet strength

Cash

£429k

Cash in the bank

Net Current Assets

-£698k

Working capital

Current Assets

£1.8M

Current Liabilities

£2.5M

Fixed Assets

£7.4M

Debtors

£313k

1avg. employees

Balance Sheet

Bank loans & overdrafts£1.6M
Assets less current liabilities£6.7M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20240.72
20230.28

Derived from filed accounts. Not audited figures.