Company Overview
Premier Wheel Repairs Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Friday 23 July 2010, so this is a well established company. Premier Wheel Repairs Ltd has been in business for 15 years and 8 months. The accounts status is total exemption full and the accounts are next due on Saturday 31 May 2025.
Registered Address

79 Caroline Street, Birmingham, B3 1UP
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Companies House Data
Company NamePREMIER WHEEL REPAIRS LTD
Company Number07324704
Registered Office Address79 Caroline Street
 B3 1UP
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date23/07/2010
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date31/05/2025
Accounts Last Made Up Date31/05/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date20/08/2016
Returns Last Made Up Date23/07/2015
Directors & Members
Show Resigned
Ranjit Dudrah - Director
(British, 51 years old, born October 1975)
Appointed 04 January 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
Ranjit Dudrah
ADVANTAGE BATHROOMS LIMITED
ALULAB LTD
BJ POWDER COATING LTD
BLAKEMORE ROAD WEST BROMWICH LIMITED
BSC DIECASTING & FINISHING LTD
CHASTE PROPERTY AUCTIONEERS LIMITED
DARTMOUTH PATTERNMAKING CO. LIMITED
GLOBAL BIOTEC LIMITED
GLOBAL METAL FINISHERS LIMITED
J & R INVESTMENTS UK LIMITED
LEPSONS LTD
LEPSONS TYRE CENTRE LTD
METROPOLITAN AND WESTCLIFF PROPERTY COMPANY LIMITED
METROPOLITAN AND WESTCLIFF PROPERTY MANAGEMENT LIMITED
MICROFLOW LTD
MIDLAND POLISHING & PLATING CO LIMITED
QUEEN ANNE TABLEWARE LIMITED
R J REFURBISHMENTS LIMITED
RAM WHEELS LIMITED
ROWAY METALS LIMITED
SPIT AND POLISH (AWR) LIMITED
SPIT AND POLISH LIMITED
STEAMVALVE LTD
STONEBOTHY LIMITED
THE ELEMENTUM GROUP LIMITED
TOOLS & DIES (WEST BROMWICH) LIMITED
WEST MIDLANDS FOUNDRY CO. LIMITED
WHEEL VISION GROUP LIMITED
WHEEL VISION LIMITED
WHEEL VISION LIMITED
Balance Sheet Unlock full report
Accounts Date 31-May-2023 31-Jul-2022 31-Jul-2021
Balance Sheet
Fixed Assets 294,999 294,999 295,199
Current Assets 205,159 205,159 252,845
Creditors Due Within One Year 167,636 167,636 227,423
Working Cap 37,523 37,523 25,422
Total Assets Less Current Liabilities 332,522 332,522 320,621
Long-term Liabilities 123,362 123,362 104,005
Net Assets 209,160 209,160 216,616
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 209,160 209,160 216,616
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2023 31-Jul-2022 31-Jul-2021
Tangible Fixed Assets - - -
Fixed Assets 59.0% 59.0% 53.9%
Stocks Inventory - - -
Debtors 20.5% 20.5% 15.8%
Cash Bank In Hand 15.4% 15.4% 26.3%
Current Assets 41.0% 41.0% 46.1%
Creditors Due Within One Year 33.5% 33.5% 41.5%
Net Current Assets Liabilities 7.5% 7.5% 4.6%
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 41.8% 41.8% 39.5%
Capital Employed - - -
Total Assets Less Current Liabilities 66.5% 66.5% 58.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2023 31-Jul-2022 31-Jul-2021
Liquidity Ratio 1.2 1.2 1.1
Solvency Ratio 1.7 1.7 1.7
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-May-2023 31-Jul-2022 31-Jul-2021
Assets 500,158 500,158 548,044
Debt 290,998 290,998 331,428
Net Assets/Debt 209,160 209,160 216,616

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our 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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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. 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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Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Notice to Registrar of Companies of Notice of disclaimer
Registered office address changed from 60 Holmethorpe Avenue Redhill RH1 2NL to 79 Caroline Street Birmingham B3 1UP on 4 February 2025
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 17 July 2024 with updates
Appointment of Mr Ranjit Singh Dudrah as a director on 4 January 2024
Termination of appointment of Adam Bennett as a director on 4 January 2024
Cessation of Adam Richard Bennett as a person with significant control on 4 January 2024
Notification of Wheel Vision Group Ltd as a person with significant control on 4 January 2024
Previous accounting period shortened from 31 July 2023 to 31 May 2023
Confirmation statement made on 17 July 2023 with no updates
Change of details for Mr Adam Richard Bennett as a person with significant control on 17 July 2023
Director's details changed for Mr Adam Bennett on 17 July 2023
Confirmation statement made on 23 July 2022 with no updates
Confirmation statement made on 23 July 2021 with no updates
Director's details changed for Mr Adam Bennett on 1 July 2021
Confirmation statement made on 23 July 2020 with no updates
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