−£11k
vs Apr 2025Active11946940Private limited companyLondon
SOURCE MOTORS LTD
E32/100From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
01
Summary
SOURCE MOTORS LTD is an active private limited company (company number 11946940) incorporated on 15 April 2019, registered in London. Its registered activity is sale of new cars and light motor vehicles (SIC 45111). Latest micro accounts cover the period ending 30 April 2026, showing net assets of −£11k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 165% on the prior period (−£4,098). Across the last 3 periods on record the net-asset trend is falling.
Peer position · net assets
By net assets it sits in the bottom quarter of 288 comparable companies in London (median £1,000, upper quartile £29k).
02
Key dates
- Incorporated
- 15 April 20197 yrs ago
- Next accounts due
- 30 January 2028in 465 days
- Confirmation statement due
- 29 April 2027in 189 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
03
Activity
- SIC 45111
- Sale of new cars and light motor vehicles
- Accounts type
- Micro Entity
- Size band
- MicroCompanies Act thresholds
04
Financials
Not reported
Not disclosed
1
No changevs Apr 2025| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 30 April 2026 | −£11k | — | — | £14k | — | — | 1 |
| 30 April 2025 | −£4,098 | — | — | £8,639 | — | — | 1 |
| 30 April 2024 | £7,917 | — | — | £7,306 | — | — | 1 |
Current ratio0.22Current liabilities exceed current assets
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
05
Firmoscan score
32 / 100 · grade E
| 50 | Starting scoreEvery scored company starts here |
| −15 | Negative net assetsNet assets £-10,865 at 2026-04-30 |
| −8 | Net assets falling-165.1% vs prior period |
| −8 | Current liabilities exceed current assetsCurrent ratio 0.22 |
| +5 | Multi-year filing history3 periods on record |
| +8 | EstablishedIncorporated 2019-04-15 (7 years) |
| 32 | Score, grade E |
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice. How the score is computed.
06
Ownership and control
- Mr Soyer Mehmet
- has significant influence or control
- Mr Soya Mehmet
- owns 25–50% of shares
- holds 25–50% of voting rights
- holds 25–50% of voting rights
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
07
Timeline
- Next accounts duein 465 days
- Confirmation statement duein 189 days
- Accounts period endNet liabilities £11k · micro accounts
- Accounts period endNet liabilities £4,098 · micro accounts
- Accounts period endNet assets £7,917 · micro accounts
- Incorporated
08
Similar companies in London
- AUTO BUY LTDLondon · inc. Apr 2019
- STEVEN EAGELL PROPERTIES LIMITEDLondon · inc. Apr 2019
- STEVEN EAGELL HOLDINGS LIMITEDLondon · inc. Apr 2019
- NEW TOWN EUROPE LTDTottenham · inc. May 2019
- EI PRESTIGE LIMITEDLondon · inc. Mar 2019
- AUTOMOTIVES4U LTDLondon · inc. May 2019
All companies incorporated on 15 April 2019 · in Apr 2019.
09
Reminders for SOURCE MOTORS LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.