−£34k
−434%vs Jan 2024Active12386851Private limited companyNewport
MUST BE LTD
Significant control: Samuel Graeme Gunnell (25–50%), Louis Anthony Gunnell (significant control)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does Must Be Ltd sell?
Registered activity: Maintenance and repair of motor vehicles (SIC 45200). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
MUST BE LTD is an active private limited company (company number 12386851) incorporated on 6 January 2020, registered in Newport. Its registered activity is maintenance and repair of motor vehicles (SIC 45200). Latest small accounts cover the period ending 31 January 2025, showing net assets of −£34k and cash of £4,085, with 1 employee on average. Net assets fell 434% on the prior period (£10k).
Peer position · net assets
By net assets it sits in the bottom quarter of 7,203 comparable companies in Other (median £4,498, upper quartile £47k).
02
Ownership and control
- Mr Samuel Graeme Gunnell
- owns 25–50% of shares
- holds 25–50% of voting rights
- Mr Louis Anthony Gunnell
- has significant influence or control
- Mr Louis Anthony Gunnell
- owns 25–50% of shares
- 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. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 6 January 20206 yrs ago
- Next accounts due
- 31 October 2026in 8 days
- Confirmation statement due
- 20 January 2027in 89 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 45200
- Maintenance and repair of motor vehicles
- SIC 45320
- Retail trade of motor vehicle parts and accessories
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£4,085
−47%vs Jan 2024Not reported
1
Not reported the period before| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 January 2025 | −£34k | £4,085 | £22k | £55k | — | — | 1 |
| 31 January 2024 | £10k | £7,711 | £20k | £2,409 | — | — | — |
Current ratio0.47Current assets ÷ creditors within one year
Cash per employee£4,085Cash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets below zeroNet assets £-34,467 at 31 January 2025
- Net assets down 25% or more on the prior period-433.7% vs prior period
- Current assets below creditors within one yearCurrent ratio 0.47
- Incorporated five or more years agoIncorporated 6 January 2020
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Confirmation statement duein 89 days
- Next accounts duein 8 days
- Accounts period endNet liabilities £34k · small accounts
- Accounts period endNet assets £10k · small accounts
- Incorporated
08
Similar companies in the UK
- T.R AUTO SERVICING & REPAIRS LTDMalmesbury · inc. Jan 2020
- A S RECOVERY (NEWTON ABBOT) LTDPaignton · inc. Jan 2020
- DUNFERMLINE AUTO ELECTRICS LTDDunfermline · inc. Jan 2020
- PERFORMANCE LOGIC (SCOTLAND) LTDBonnybridge · inc. Jan 2020
- AB BODYWORKS LTDPeterborough · inc. Jan 2020
- SRL (SPALDING) LTDSpalding · inc. Jan 2020
All companies incorporated on 6 January 2020 · in Jan 2020.
09
Reminders for MUST BE LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.