MJ AUTOMOBILE LTD
Company number 08540338 · Monitor this company
Executive summary
MJ AUTOMOBILE LTD presents a high-risk profile characterised by a decade of persistent and deepening negative net assets, now standing at -£150,180 against nominal share capital of £100. The company is technically insolvent and entirely reliant on creditor forbearance to continue trading. While the used car sector typically operates with elevated creditor levels, the scale of the working capital deficit and the sustained erosion of the capital position over multiple years raises material going concern questions that are not addressed in the filed accounts. Any engagement should be contingent on understanding the nature and security of creditor balances, the extent of director financial support, and the directors' assessment of the company's ability to continue as a going concern.
Shareholders' funds
-£150,180
Balance sheet as at 2025-04-30
What it does
The principal activity of the company is Sale of used motor vehicles
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2013-05-22
- Employees
- 2 (2025 accounts)
- Registered office
- 326-328 Holdenhurst Road, Bournemouth, Dorset, BH8 8BE
- Postcode
- BH8 8BE
- Capital
- 100 GBP
- Accounts category
- Micro
Accounts
- Last made up to
- 2025-04-30
- Next due by
- 2027-01-31
- Financial year end
- 30 April
Confirmation statement
- Last statement dated
- 2026-05-22
- Next due by
- 2027-06-05
Nature of business (SIC)
- 45112 Sale of used cars and light motor vehicles
Officers 2 current
Data protection registration
Registered with the ICO as a data protection fee payer — ZA928484 (Tier 1), registered since 2021.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Among its peers
Among the oldest 25%
of 273 similar companies in BH, trading since 2013
Competitors Bournemouth
-
2. R SYMONS LTD
This company ranks 203 among sale of used cars and light motor vehicles in Bournemouth.
The class of 2013
26%
of the 1,987 companies in this sector incorporated in 2013 are still active today; 68% have since been dissolved.
A fact about the year, not a forecast for this company.