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Specialised Group Racing Limited

14437982

active
Private Limited Company
england wales
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

MILE CROSS WORKS, HALIFAX, HX1 4JQ
Incorporated 24/10/2022

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 23/10/2025

Due 06/11/2026

On track

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Mr David Bywater

director · Since 24/10/2022

DIRECTOR

BRITISH · ENGLAND · Age 65

Mr David Wadsworth

director · Since 24/10/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 11 other boards

Persons with Significant Control

Mr David Wadsworth

75–100% shares
75–100% votes

British · England · Age 64

Mile Cross Works, Gibbet Street, Halifax, HX1 4JQ

Notified 24/10/2022

CompanyRankvs 6218+ SIC 77110 peers
28

Financial strength1th percentile among SIC peers · 0/25
Employees47th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.24× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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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.

Employees7/15 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.

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 31/10/2024

Net Worth

-£295k

Balance sheet strength

Cash

£781

Cash in the bank

Net Current Assets

-£327k

Working capital

Current Assets

£103k

Current Liabilities

£430k

Fixed Assets

£35k

Debtors

£102k

1avg. employees

Balance Sheet

Intangible assets£24k
Assets less current liabilities-£292k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.24-£160k
20230.12

Derived from filed accounts. Not audited figures.