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Power Torque Engineering Limited

00217422

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

27 HERALD WAY, COVENTRY, CV3 2RQ
Incorporated 10/11/1926

Compliance

Last accounts

30/04/2025

medium

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 03/12/2025

Due 17/12/2026

On track

Industry

28110
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Officers

Mr Andrew Varney

director · Since 01/12/1993

ENGINEER

BRITISH · ENGLAND · Age 64

Also on 2 other boards

Mr. Paul Varney

director · Since 06/01/1997

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 83

Also on 12 other boards

Jonathon Townley

director · Since 01/02/2007

SALES DIRECTOR

BRITISH · ENGLAND · Age 56

Mr Neil Haycock

director · Since 23/02/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 1 other board

Mr Henry Varney

director · Since 19/08/2019

CHIEF EXECUTIVE OFFICER

BRITISH · ENGLAND · Age 54

Also on 8 other boards

Mr Max Varney

director · Since 19/08/2019

RESEARCH ASSISTANT

BRITISH · UNITED KINGDOM · Age 33

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/01/2011Registered 26/01/2011Satisfied 14/10/2022
charge
satisfied

HARRY WALFORD DODD AND PATRICIA DODD

Created 05/08/2010Registered 12/08/2010Satisfied 20/01/2025

CompanyRankvs 25+ SIC 28110 peers
67

Financial strength97th percentile among SIC peers · 24/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 4.81× · 20/20
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.

Employees3/15 pts

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

Liquidity20/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/04/2025

Turnover

£10.6M

Annual revenue

Net Worth

£5.5M

Balance sheet strength

Cash

£2.1M

Cash in the bank

Profit Before Tax

-£229k

Bottom line earnings

Net Current Assets

£4.9M

Working capital

Current Assets

£6.2M

Current Liabilities

£1.3M

Fixed Assets

£663k

Debtors

£1.8M

Cost of Sales

£8.6M

Gross Profit

£2.0M

Admin Expenses

£2.1M

Operating Profit

-£285k

Profit After Tax

-£186k

0avg. employees-37

Tax at Year End

Dividends paid£10k

Balance Sheet

Assets less current liabilities£5.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.81-£1.4M
20245.70

Derived from filed accounts. Not audited figures.