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Mills Forgings Limited

00424123

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

KIMBERMILLS GAWNE LANE, CRADLEY HEATH, B64 5QZ
Incorporated 21/11/1946

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25500
Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Officers

Roger Lloyd Simmons

director · Since 01/03/1994

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Mr Laurence Joyce

director · Since 01/11/1994

EXECUTIVE CHAIRMAN

BRITISH · ENGLAND · Age 77

Also on 2 other boards

Mrs Janet O'Brien

director · Since 01/08/2005

ENGINEERING DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 2 other boards

Mrs Janet O'Brien

secretary · Since 20/12/2005

BRITISH · ENGLAND · Age 62

Also on 2 other boards

Robert David Allcott

director · Since 01/03/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Persons with Significant Control

Mrs Patricia Ann Joyce

25–50% shares
25–50% votes

British · England · Age 77

Kimbermills, Gawne Lane, Cradley Heath, B64 5QZ

Notified 06/04/2016

Kimbermills International Limited

50–75% shares
75–100% votes

Azets, Ventura Park Road, Tamworth, B78 3HL

Reg: 15671013 · Uk Register Of Companies · Private Company Limited By Shares

Notified 09/08/2024

Former PSCs

Mr Laurence Joyce

Ceased 09/08/2024

Precise Specifications Limited

Ceased 09/08/2024

Charges1 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 05/08/1999Registered 17/08/1999
charge
satisfied

3I GROUP PLC

Created 28/05/1992Registered 30/05/1992Satisfied 20/01/2004
charge
satisfied

LLOYDS BANK PLC

Created 30/04/1992Registered 08/05/1992Satisfied 20/01/2004
charge
satisfied

LLOYDS BANK PLC

Created 30/04/1992Registered 08/05/1992Satisfied 20/01/2004
charge
satisfied

LLOYDS BANK PLC

Created 23/04/1966Registered 04/05/1966Satisfied 20/01/2004

CompanyRankvs 164+ SIC 25500 peers
49

Financial strength54th percentile among SIC peers · 14/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.11× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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164Mills Forgings Limited
59
How is this score calculated?
Financial strength14/25 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.

Liquidity12/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

£87k

Balance sheet strength

Cash

£21k

Cash in the bank

Net Current Assets

£46k

Working capital

Current Assets

£474k

Current Liabilities

£429k

Fixed Assets

£222k

Debtors

£297k

0avg. employees-7

Tax at Year End

Corp tax£20k

Balance Sheet

Assets less current liabilities£267k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.11-£128k
20241.66+£2k
20231.15-£87k
20221.27-£79
20211.01-£32k
2020102.68+£6k
20191.02—

Derived from filed accounts. Not audited figures.