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Parkinson - Spencer Refractories Limited

00175597

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

HOLMFIELD HALIFAX, HX3 6SX
Incorporated 07/07/1921

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 23/08/2025

Due 06/09/2026

On track

Industry

23200
Manufacture of refractory products

Officers

Joanne Parkinson

secretary · Since 06/04/2016

Leslie James Robert Gaskell

director · Since 02/02/2015

British

David Edwin Parkinson

director

British

Joanne Parkinson

director · Since 24/08/2016

British

Simon Parkinson

director · Since 02/02/2015

British

Former

John Caswell

secretary · Resigned 06/04/2016

Harry Thompson

secretary · Resigned 04/01/1999

Kenneth Bingham

director · Resigned 30/11/1992

John Caswell

director · Resigned 24/08/2016

David Ferguson

director · Resigned 03/10/2022

John Josiah Thompson Mcminn

director · Resigned 05/07/2001

Godfrey Arthur Nield

director · Resigned 10/10/2018

Donald Henry Parkinson

director · Resigned 07/03/2009

Harry Thompson

director · Resigned 31/12/1999

CompanyRankvs 105+ SIC 23200 peers
75

Financial strength95th percentile among SIC peers · 24/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.59× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw your attention to note 3 in the financial statements which indicates that the loss-making trading conditions endured in 2024 continued into 2025. As explained in note 3, the comp

Key FinancialsYear ending 31/12/2024

Turnover

£9.0M

Annual revenue

Net Worth

£3.0M

Balance sheet strength

Cash

£72k

Cash in the bank

Profit Before Tax

-£719k

Bottom line earnings

Net Current Assets

£2.3M

Working capital

Current Assets

£6.2M

Current Liabilities

£3.9M

Fixed Assets

£845k

Debtors

£2.7M

Cost of Sales

£4.8M

Gross Profit

£4.2M

Admin Expenses

£4.9M

Operating Profit

-£683k

Profit After Tax

-£719k

96avg. employees+1

Tax at Year End(2023)

Dividends paid£18k

People Costs

Wages & salaries£3.2M
NI contributions£316k

Balance Sheet

Assets less current liabilities£3.1M
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20241.59-£719k
20232.14

Derived from filed accounts. Not audited figures.