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1st Choice Cabs Ltd

14571627

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

SUITE 13 30, ILFORD, IG1 2JF
Incorporated 05/01/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49320
Taxi operation

Officers

Tahir Hameed

director · Since 12/01/2024

British

Former

Muddassar Ahmed

director · Resigned 12/11/2024

CompanyRankvs 85650+ SIC 49320 peers
32

Financial strength8th percentile among SIC peers · 2/25
Employees66th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.04× · 2/20
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 strength2/25 pts

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

Employees10/15 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.

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 31/01/2025

Net Worth

-£14k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£62k

Working capital

Current Assets

£3k

Current Liabilities

£65k

Fixed Assets

£48k

2avg. employees

Balance Sheet

Assets less current liabilities-£14k
Signed by Mr Tahir HAMEED 16/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.04

Derived from filed accounts. Not audited figures.