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M16 Cars Limited

14528690

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

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

Details

29 KINGS ROAD, MANCHESTER, M16 7SB
Incorporated 07/12/2022

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 24/12/2025

Due 07/01/2027

On track

Industry

49320
Taxi operation

Officers

Sharaaz Hussain

director · Since 07/12/2022

British

CompanyRankvs 77360+ SIC 49320 peers
39

Financial strength59th percentile among SIC peers · 15/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength15/25 pts

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

Employees0/15 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.

Longevity3/15 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 31/12/2024

Net Worth

£3k

Balance sheet strength

Cash

£48k

Cash in the bank

Net Current Assets

-£946

Working capital

Current Assets

£48k

Current Liabilities

£49k

Fixed Assets

£4k

Balance Sheet

Assets less current liabilities£3k
Signed by Mr Sharaaz Hussain 30/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.98

Derived from filed accounts. Not audited figures.