# MUST BE LTD (12386851)

> 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).

- Status: Active
- Incorporated: 2020-01-06
- Registered office: Newport, TF10 8LH
- SIC 45200: Maintenance and repair of motor vehicles
- SIC 45320: Retail trade of motor vehicle parts and accessories
- Next accounts due: 2026-10-31
- Confirmation statement due: 2027-01-20
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the bottom quarter of 7,203 comparable companies in Other (median £4,498, upper quartile £47k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-01-31 | −£34k | £4,085 | £22k | £55k | — | — | 1 |
| 2024-01-31 | £10k | £7,711 | £20k | £2,409 | — | — | — |

current ratio 0.47; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net 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 year: Current ratio 0.47
- Incorporated five or more years ago: Incorporated 6 January 2020

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Samuel Graeme Gunnell — owns 25–50% of shares; holds 25–50% of voting rights, since 2020-01-06
- Mr Louis Anthony Gunnell — has significant influence or control, since 2022-09-14

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/12386851
HTML: https://firmoscan.com/company/12386851-must-be-ltd