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Nexgen Vehicles Ltd

16015269

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

11 UNION ROAD, OLDBURY, B69 3EX
Incorporated 14/10/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Mr Jasbir Singh

director · Since 14/10/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 39

Also on 11 other boards

Mr Talvinder Singh

director · Since 14/10/2024

DIRECTOR

INDIAN · ENGLAND · Age 38

Also on 2 other boards

Persons with Significant Control

Isher Parkash Holdings Ltd

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

11, Union Road, Oldbury, B69 3EX

Reg: 15988864 · Companies House · Private Limited Company

Notified 01/01/2025

Former PSCs

Mr Jasbir Singh

Ceased 01/01/2025

Mr Talvinder Singh

Ceased 01/01/2025

CompanyRankvs 3773+ SIC 77110 peers
37

Financial strength52th percentile among SIC peers · 13/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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3773Nexgen Vehicles Ltd
42
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.

Employees11/15 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.

Longevity2/15 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 31/10/2025

Net Worth

£1k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£290k

Current Liabilities

£294k

Fixed Assets

£29k

Debtors

£279k

2avg. employees

Balance Sheet

Assets less current liabilities£25k
Signed by T Singh 07/04/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.98

Derived from filed accounts. Not audited figures.