Company Overview
Okwheels Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 11 January 2016, so this is a well established company. Okwheels Ltd has been in business for 10 years and 2 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 May 2023.
Registered Address

4385, 09943384 - Companies House Default Address, Cardiff, CF14 8LH
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Companies House Data
Company NameOKWHEELS LTD
Company Number09943384
Registered Office Address09943384 - COMPANIES HOUSE DEFAULT ADDRESS
 CF14 8LH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date11/01/2016
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2023
Accounts Last Made Up Date31/08/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date08/02/2017
Directors & Members
Show Resigned
Massimiliano Frontini - Director
(Italian, 55 years old, born February 1971)
Appointed 10 May 2022
 Active
Secretaries
Show Resigned
Other Company Directorships
Massimiliano Frontini
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Balance Sheet
Fixed Assets 0 0 0
Current Assets 132,425 248,641 436,083
Creditors Due Within One Year 107,445 185,710 380,597
Working Cap 24,980 62,931 55,486
Total Assets Less Current Liabilities 24,980 62,931 55,486
Long-term Liabilities 24,979 62,930 55,485
Net Assets 1 1 1
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1 1 1
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors 32.0% 55.5% 81.0%
Cash Bank In Hand 68.0% 44.5% 19.0%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 81.1% 74.7% 87.3%
Net Current Assets Liabilities 18.9% 25.3% 12.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 18.9% 25.3% 12.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Liquidity Ratio 1.2 1.3 1.1
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
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-Aug-2021 31-Aug-2020 31-Aug-2019
Assets 132,425 248,641 436,083
Debt 132,424 248,640 436,082
Net Assets/Debt 1 1 1
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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.   The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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.

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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Document Filings
Registered office address changed to PO Box 4385, 09943384 - Companies House Default Address, Cardiff, CF14 8LH on 2 October 2024
Termination of appointment of Secretarial Appointments Limited as a secretary on 21 May 2024
Registered office address changed from 12 Greenway Farm Bath Road Wick Bristol BS30 5RL United Kingdom to B1 Vantage Park Old Gloucester Road Hambrook Bristol BS16 1GW on 3 December 2023
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Appointment of Secretarial Appointments Limited as a secretary on 31 May 2023
Termination of appointment of Anglodan Secretaries Limited as a secretary on 31 May 2023
Registered office address changed from Ensign House, Unit a Battersea Reach Juniper Drive London SW18 1TA United Kingdom to 12 Greenway Farm Bath Road Wick Bristol BS30 5RL on 1 June 2023
Appointment of Anglodan Secretaries Limited as a secretary on 9 May 2022
Registered office address changed from 95 High Street Office B Great Missenden HP16 0AL England to Ensign House, Unit a Battersea Reach Juniper Drive London SW18 1TA on 26 May 2022
Notification of Massimiliano Frontini as a person with significant control on 10 May 2022
Cessation of Marco Pasetto as a person with significant control on 10 May 2022
Cessation of Iliade Sa as a person with significant control on 10 May 2022
Appointment of Mr Massimiliano Frontini as a director on 10 May 2022
Termination of appointment of Marco Pasetto as a director on 10 May 2022
Confirmation statement made on 10 May 2022 with updates
Confirmation statement made on 5 August 2021 with updates
Notification of Marco Pasetto as a person with significant control on 12 March 2021
Registered office address changed from 3 Gower Street London WC1E 6HA United Kingdom to 95 High Street Office B Great Missenden HP16 0AL on 12 March 2021
Confirmation statement made on 12 March 2021 with updates
Confirmation statement made on 11 January 2021 with no updates
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