SPECTRUM VEHICLE CONTRACTS LTD
Company number 08551099 · Monitor this company
Executive summary
Spectrum Vehicle Contracts Ltd is a technically insolvent micro-enterprise operating in the UK used car retail sector, with net liabilities of £231k that have deepened consistently over five years despite favourable market conditions. The company's balance sheet metrics—current ratio of 0.5x, negative net assets, and heavy creditor dependency—fall well below typical independent dealer benchmarks, and its single-employee model lacks the scale or digital capability to compete effectively against increasingly dominant online platforms and larger dealer groups. Continued operation appears reliant on director forbearance and creditor tolerance rather than underlying trading viability.
Shareholders' funds
-£231,139
Balance sheet as at 2025-05-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2013-05-31
- Employees
- 1 (2025 accounts)
- Registered office
- Colonial House, Swinemoor Lane, Beverley, United Kingdom, HU170LS
- Postcode
- HU170LS
- Capital
- 2 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-05-31
- Next due by
- 2027-02-28
- Financial year end
- 31 May
Confirmation statement
- Last statement dated
- 2026-06-12
- Next due by
- 2027-06-26
Nature of business (SIC)
- 45112 Sale of used cars and light motor vehicles
Officers 1 current · 1 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZA010146 (Tier 1), registered since 2013.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 36 SWANLOW LANE, WINSFORD, CHESHIRE, CW7 1JE | 2020-11-19 |
Among its peers
Among the oldest 25%
of 154 similar companies in HU, trading since 2013
Competitors Hull
This company ranks 111 among sale of used cars and light motor vehicles in Hull.
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.