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Silver Cars 247 Ltd

14290488

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

200 BROOK DRIVE, READING, RG2 6UB
Incorporated 11/08/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49320
Taxi operation

Officers

Mr Muhammad Imran Latif

director · Since 11/08/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 1 other board

Mr Atif Shabbir

director · Since 11/08/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 49

Persons with Significant Control

Mr Atif Shabbir

25–50% shares
25–50% votes

British · England · Age 49

8, Plymouth Avenue, Reading, RG5 3SG

Notified 11/08/2022

Mr Muhammad Imran Latif

25–50% shares
25–50% votes

British · England · Age 53

6, Knowle Road, Reading, RG5 3QE

Notified 11/08/2022

Former PSCs

Mr Muhammad Sadaat

Ceased 01/09/2024

CompanyRankvs 8879+ SIC 49320 peers
41

Financial strength15th percentile among SIC peers · 4/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.63× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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8879Silver Cars 247 Ltd
36
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.

Employees12/15 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 31/08/2024

Net Worth

-£3k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£4k

Current Liabilities

£7k

3avg. employees

Balance Sheet

Assets less current liabilities-£3k
Signed by Mr Atif Shabbir 30/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.63-£872
20230.50—

Derived from filed accounts. Not audited figures.