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Lace Mechanics Limited

00517077

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

WHITE HOUSE, NOTTINGHAM, NG1 5GF
Incorporated 12/03/1953

Compliance

Last accounts

28/02/2025

micro entity

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 17/06/2025

Due 01/07/2026

On track

Industry

82990
Other business support service activities

Officers

Glenis Ann Pilgrim

secretary · Since 17/06/1991

BRITISH · UNITED KINGDOM · Age 80

Also on 3 other boards

Glenis Ann Pilgrim

director · Since 17/06/1991

SECRETARY

BRITISH · UNITED KINGDOM · Age 80

Also on 3 other boards

Mr Ian Pilgrim

director · Since 17/06/1991

ENGINEER

BRITISH · ENGLAND · Age 58

Mr Darren Pilgrim

director · Since 04/06/1992

ENGINEER

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Mr Ian Pilgrim

25–50% shares
25–50% votes
Appoint directors

British · England · Age 58

White House, Wollaton Street, Nottingham, NG1 5GF

Notified 06/04/2016

Mr Darren Pilgrim

25–50% shares
25–50% votes
Appoint directors

British · England · Age 55

White House, Wollaton Street, Nottingham, NG1 5GF

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

MIDLAND BANK PLC

Created 16/10/1989Registered 20/10/1989
charge
outstanding

MIDLAND BANK PLC

Created 18/09/1989Registered 09/10/1989

CompanyRankvs 90637+ SIC 82990 peers
37

Financial strength51th percentile among SIC peers · 13/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.35× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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90637Lace Mechanics Limited
47
How is this score calculated?
Financial strength13/25 pts

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

Employees2/15 pts

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

Liquidity2/20 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

£1k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£51k

Working capital

Current Assets

£28k

Current Liabilities

£80k

Fixed Assets

£104k

0avg. employees-4

Balance Sheet

Assets less current liabilities£53k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.35-£39k
20240.74+£10k
20230.55+£9k
20220.42-£15k
20210.61-£245
20200.35+£9k
20190.47—

Derived from filed accounts. Not audited figures.