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Rescue My Tyre Ltd

14549562

active - proposal to strike off
Private Limited Company
england wales
Companies House
Health Score
N/A

Details

1 FOXGLOVE WAY, LUTON, LU3 1EA
Incorporated 19/12/2022

Compliance

Last accounts

31/12/2023

micro entity

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 07/09/2024

Due 21/09/2025

Overdue

Industry

45200
Maintenance and repair of motor vehicles

Officers

Mr Mohamed Farooq

director · Since 01/09/2024

COMPANY DIRECTOR

IRISH · ENGLAND · Age 48

Also on 1 other board

Persons with Significant Control

Mr Mohamed Farooq

75–100% shares

Irish · England · Age 48

1, Foxglove Way, Luton, LU3 1EA

Notified 01/09/2024

Former PSCs

Mr Tahmoor Ali Taj

Ceased 19/12/2022

Mr Syed Masoom Hussain Shah

Ceased 01/09/2024

CompanyRankvs 40176+ SIC 45200 peers
25

Financial strength2th percentile among SIC peers · 1/25
Employees23th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.46× · 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 strength1/25 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.

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 31/12/2023

Net Worth

-£105k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£105k

Working capital

Current Assets

£88k

Current Liabilities

£193k

1avg. employees

Balance Sheet

Assets less current liabilities-£105k
Prepared with Taxfiler

EstimatesDerived

YearCurrent Ratio
20230.46

Derived from filed accounts. Not audited figures.