Company Overview
R1 Speed Services Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 13 March 2014, so this is a well established company. R1 Speed Services Ltd has been in business for 12 years. The accounts status is unaudited abridged and the accounts are next due on Monday 31 December 2018.
Registered Address

102A Trinity Street, Gainsborough, DN21 1HS
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Companies House Data
Company NameR1 SPEED SERVICES LTD
Company Number08937989
Registered Office Address102a Trinity Street
 DN21 1HS
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date13/03/2014
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2018
Accounts Last Made Up Date31/03/2017
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date10/04/2017
Returns Last Made Up Date13/03/2016
Directors & Members
Show Resigned
Raimondas Ribakovas - Director
(Lithuanian, 52 years old, born January 1974)
Appointed 06 February 2018
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Raimondas Ribakovas
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2017 31-Mar-2016 31-Mar-2015
Balance Sheet
Fixed Assets 44,872 14,746 0
Current Assets 24,270 31,969 45,998
Creditors Due Within One Year 32,601 24,942 21,582
Working Cap -8,331 -619 24,416
Total Assets Less Current Liabilities 36,541 21,773 24,416
Long-term Liabilities 41,847 32,120 24,744
Net Assets -5,306 -10,347 -328
Share Capital & Reserves
Share Cap - 2 2
Profit & Loss Reserves - -10,349 -330
Other Reserves - 0 0
Shareholders Funds -5,306 -10,347 -328
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2017 31-Mar-2016 31-Mar-2015
Tangible Fixed Assets - 47.9% 0.0%
Fixed Assets 64.9% 31.6% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand 35.1% 68.4% 100.0%
Current Assets 35.1% 68.4% 100.0%
Creditors Due Within One Year 47.2% 53.4% 46.9%
Net Current Assets Liabilities -12.0% -1.3% 53.1%
Creditors Due After One Year - 85.1% 53.8%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - -22.1% -0.7%
Called Up Share Capital - 0.0% 0.0%
Share Capital Allotted Called Up Paid - 0.0% 0.0%
Profit Loss Account Reserve - -22.2% -0.7%
Shareholder Funds -7.7% -22.1% -0.7%
Capital Employed - - -
Total Assets Less Current Liabilities 52.8% 46.6% 53.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2017 31-Mar-2016 31-Mar-2015
Liquidity Ratio 0.7 1.3 2.1
Solvency Ratio 0.9 0.8 1.0
Reserves to Assets - -0.2 0.0
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2017 31-Mar-2016 31-Mar-2015
Assets 69,142 46,715 45,998
Debt 74,448 57,062 46,326
Net Assets/Debt -5,306 -10,347 -328
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
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GOLD & STOCKHOLDING CONSORTIUM LIMITED
96 TRINITY STREET, GAINSBOROUGH, LINCOLNSHIRE, DN21 1HS
GO BUY THE BOOK LIMITED
29 Trinity Street, Gainsborough, DN21 1HS
Document Filings
Order of court to wind up
Order of court to wind up
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Registered office address changed from 8 Pavilion Row Doncaster Road Scunthorpe DN15 7rd United Kingdom to 102a Trinity Street Gainsborough DN21 1HS on 13 March 2018
Cessation of Kristina Buitvydaite as a person with significant control on 6 February 2018
Appointment of Mr Raimondas Ribakovas as a director on 6 February 2018
Termination of appointment of Kristina Buitvydaite as a director on 6 February 2018
Cessation of Nerijus Skarbalius as a person with significant control on 11 December 2017
Confirmation statement made on 3 October 2017 with no updates
Notification of Nerijus Skarbalius as a person with significant control on 3 October 2016
Registered office address changed from 22 Coningsby Road Scunthorpe South Humberside DN17 2HJ to 8 Pavilion Row Doncaster Road Scunthorpe DN15 7rd on 27 September 2017
Confirmation statement made on 3 October 2016 with updates
Annual return made up to 13 March 2016 with full list of shareholders
Annual return made up to 13 March 2015 with full list of shareholders
Registered office address changed from 16 Arandora Crescent Romford RM6 4SS United Kingdom to 22 Coningsby Road Scunthorpe South Humberside DN17 2HJ on 19 November 2014
Incorporation
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