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New Way Motors Ltd

15097756

active
Private Limited Company
england wales
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)

Details

92 CLAY LANE, COVENTRY, CV2 4LN
Incorporated 25/08/2023

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

29/08/2026

On track

Confirmation statement

Last: 11/08/2025

Due 25/08/2026

On track

Industry

45112
Sale of used cars and light motor vehicles
77110
Renting and leasing of cars and light motor vehicles

Officers

Mr. Faisal Kayani

director · Since 25/08/2023

DIRECTOR

BRITISH · ENGLAND · Age 30

Also on 2 other boards

Persons with Significant Control

Mr. Faisal Kayani

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

British · England · Age 30

92, Clay Lane, Coventry, CV2 4LN

Notified 25/08/2023

CompanyRankvs 17518+ SIC 45112 peers
37

Financial strength50th percentile among SIC peers · 13/25
Employees37th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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17518New Way Motors Ltd
36
How is this score calculated?
Financial strength13/25 pts

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

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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

£1k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

£1k

Working capital

Current Assets

—

Current Liabilities

£7k

1avg. employees
Prepared with VT Final Accounts