Company Overview
Triple Eight Race Engineering Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 03 October 1996, so this is a well established company. Triple Eight Race Engineering Limited has been in business for 29 years and 6 months. The accounts status is total exemption small and the accounts are next due on Thursday 28 June 2018.
Registered Address

Stonebury Farm Workshop, Hare Street, Buntingford, Hertfordshire, SG9 0EX
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Companies House Data
Company NameTRIPLE EIGHT RACE ENGINEERING LIMITED
Company Number03258629
Registered Office AddressStonebury Farm Workshop
 Hare Street
 SG9 0EX
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date03/10/1996
Accounting Reference Date Day29
Accounting Reference Date Month3
Accounts Next Due Date28/06/2018
Accounts Last Made Up Date31/03/2016
Accounts Account CategoryTOTAL EXEMPTION SMALL
Returns Next Due Date28/11/2016
Returns Last Made Up Date31/10/2015
Directors & Members
Show Resigned
Vicki Scott - Director
(British, 54 years old, born May 1972)
Appointed 13 January 2016
Active
Warren Scott - Director
(British, 55 years old, born September 1971)
Appointed 31 March 2016
Active
Secretaries
Show Resigned
Vicki Scott - Secretary
Appointed 14 November 2016
Active
Other Company Directorships
Vicki Scott
TRIPLE EIGHT PERFORMANCE VEHICLES LIMITED
Warren Scott
TRIPLE EIGHT PERFORMANCE VEHICLES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2016 31-Mar-2015 31-Mar-2014
Balance Sheet
Fixed Assets 266,264 361,928 368,648
Current Assets 804,791 895,325 943,330
Creditors Due Within One Year 1,754,233 1,757,648 1,618,889
Working Cap -949,442 -862,323 -675,559
Total Assets Less Current Liabilities -683,178 -500,395 -306,911
Long-term Liabilities 7,374 11,449 13,363
Net Assets -690,552 -511,844 -320,274
Share Capital & Reserves
Share Cap 60,000 60,000 60,000
Profit & Loss Reserves -750,552 -571,844 -380,274
Other Reserves 0 0 0
Shareholders Funds -690,552 -511,844 -320,274
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2016 31-Mar-2015 31-Mar-2014
Tangible Fixed Assets 24.9% 28.8% -
Fixed Assets 24.9% 28.8% 28.1%
Stocks Inventory 22.0% 16.2% 8.8%
Debtors 53.2% 54.9% 62.9%
Cash Bank In Hand - 0.2% 0.3%
Current Assets 75.1% 71.2% 71.9%
Creditors Due Within One Year 163.8% 139.8% 123.4%
Net Current Assets Liabilities -88.6% -68.6% -51.5%
Creditors Due After One Year 0.7% 0.9% 1.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -64.5% -40.7% -24.4%
Called Up Share Capital 5.6% 4.8% 4.6%
Share Capital Allotted Called Up Paid 5.6% 4.8% 4.6%
Profit Loss Account Reserve -70.1% -45.5% -29.0%
Shareholder Funds -64.5% -40.7% -24.4%
Capital Employed - - -
Total Assets Less Current Liabilities -63.8% -39.8% -23.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2016 31-Mar-2015 31-Mar-2014
Liquidity Ratio 0.5 0.5 0.6
Solvency Ratio 0.6 0.7 0.8
Reserves to Assets -0.7 -0.5 -0.3
Secured Creditors Unlock full report
Mortgages Charges 9
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 5
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2016 31-Mar-2015 31-Mar-2014
Assets 1,071,055 1,257,253 1,311,978
Debt 1,761,607 1,769,097 1,632,252
Net Assets/Debt -690,552 -511,844 -320,274
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around SG9 0EX
TRIPLE EIGHT PERFORMANCE VEHICLES LIMITED
Stonebury Farm Workshop, Hare Street, Buntingford, Hertfordshire, SG9 0EX
THREEWAY CONSULTANTS LIMITED
Astute House, Wilmslow Road, Handforth, SG9 0EX
Document Filings
Dissolution deferment
Completion of winding up
Order of court to wind up
Order of court - restore and wind up
Final Gazette dissolved via compulsory strike-off
First Gazette notice for compulsory strike-off
Current accounting period shortened from 30 March 2017 to 29 March 2017
Confirmation statement made on 5 December 2017 with updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Cessation of Warren George Scott as a person with significant control on 6 April 2016
Notification of Triple Eight Performance Vehicles Limited as a person with significant control on 6 April 2016
Previous accounting period shortened from 31 March 2017 to 30 March 2017
Compulsory strike-off action has been discontinued
Termination of appointment of Ian Campbell Harrison as a director on 6 March 2017
First Gazette notice for compulsory strike-off
Confirmation statement made on 5 December 2016 with updates
Appointment of Mrs Vicki Scott as a secretary on 14 November 2016
Termination of appointment of Martyn Fish as a director on 14 November 2016
Termination of appointment of Martyn Fish as a secretary on 14 November 2016
Appointment of Mr Warren Scott as a director on 31 March 2016
Termination of appointment of Lee Christian Mowle as a director on 31 March 2016
Termination of appointment of Ian Campbell Harrison as a secretary on 13 January 2016
Appointment of Mrs Vicki Scott as a director on 13 January 2016

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