The Firmwatch take
Victory Conversions Limited (15084559) currently shows: Watch signal detected, based on accounts to 31 December 2024; last refreshed 24 May 2026. Negative working capital plus 1 more cautionary signal — extracted from the latest filed accounts.
Companies House source·Accounts to 31 Dec 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
21 August 2023
2 years on the register
Sector
Motor vehicles manufacturing
SIC 29201 · matched to division
Size
Not classified
Net assets
£1
Bottom 30% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Elevated insolvency risk
The latest public accounts show financial pressure that should be reviewed before relying on the company as a customer, supplier or counterparty.
Thin net asset buffer
The company reports a small visible net asset position.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Current ratio below 1.0
Current assets are below current liabilities.
Money
What the balance sheet says
Net assets
£1
Bottom 30% in sector · sector median £763 · 3,519 filers in this sector
Cash
Not disclosed
Working cap.
−£363k
Median £3k
Current ratio
0.9×
Median 1.2×
Signals · 3
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
Sector benchmark · Transport Equipment Manufacturing
How this company compares in 3,519 filers in this sector
Bottom 30% in sector — Victory Conversions Limited shows £1 in net assets. Sector median is £763.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
People
Who runs this company
- CR
CLARKE, Rory Michael Andrew
director · since 2023
- DJ
DOYLE, James Ian
director · since 2023
Registered office
Address intelligence
96 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Address pattern · HU1 2BN
96 other UK companies registered here — all still trading.
Active
79
Dissolved
0
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.