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Nova Motorsport Limited

15045223

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

51 CORY WAY, WESTBURY, BA13 4QT
Incorporated 02/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22110
Manufacture of rubber tyres and tubes

Officers

Mr Paul Matthew Hallas

director · Since 02/08/2023

DIRECTOR

BRITISH · ENGLAND · Age 47

Mr Stephen Hallas

director · Since 02/08/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 11 other boards

Persons with Significant Control

Spc Corporate Limited

75–100% shares
75–100% votes
Appoint directors

51, Cory Way, Westbury, BA13 4QT

Reg: 06706957 · Uk Register Of Companies · Private Company Limited By Shares

Notified 02/08/2023

CompanyRankvs 92+ SIC 22110 peers
43

Financial strength20th percentile among SIC peers · 5/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.79× · 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 strength5/25 pts

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

Employees14/15 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 31/08/2024

Net Worth

£1

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

-£666k

Working capital

Current Assets

£2.4M

Current Liabilities

£3.1M

Fixed Assets

£75k

Debtors

£610k

14avg. employees

Balance Sheet

Assets less current liabilities-£591k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.79

Derived from filed accounts. Not audited figures.