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Moog Reading Limited

00586505

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

30 SUTTONS PARK AVENUE, READING, RG6 1AW
Incorporated 01/07/1957

Compliance

Last accounts

28/09/2024

full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 01/06/2025

Due 15/06/2026

On track

Industry

27320
Manufacture of other electronic and electric wires and cables

Officers

Mr Joseph Michael Dascano

director · Since 20/11/2024

SLIP RING BUSINESS UNIT DIRECTOR

AMERICAN · UNITED STATES · Age 44

Ms Tejinder Bhamra

secretary · Since 16/04/2025

Persons with Significant Control

Moog Controls Ltd

75–100% shares

Ashchurch Industrial Estate, Ashchurch, Tewkesbury, GL20 8NA

Reg: 01171948 · Uk Companies House · Uk Private Limited Company

Notified 01/06/2016

Charges0 outstanding

charge
satisfied

LLOYDS & SCOTTISH TRUST LTD

Created 09/07/1973Registered 13/07/1973Satisfied 18/08/1993
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 01/07/1971Registered 15/07/1971Satisfied 18/08/1993

CompanyRankvs 86+ SIC 27320 peers
68

Financial strength68th percentile among SIC peers · 17/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.76× · 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 strength17/25 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

are free from material misstatement, whether due to fraud or error. In preparing the financial statements , the directors are responsible for assessing the company ' s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease opera

Key FinancialsYear ending 28/09/2024

Net Worth

£135k

Balance sheet strength

Cash

Cash in the bank

Profit Before Tax

-£6.1M

Bottom line earnings

Net Current Assets

£6.8M

Working capital

Current Assets

£15.8M

Current Liabilities

£8.9M

Debtors

£11.8M

Cost of Sales

£18.4M

Admin Expenses

£3.1M

Profit After Tax

-£5.3M

130avg. employees+3

Tax at Year End(2019)

Corp tax£90k

People Costs

Wages & salaries£5.9M

Balance Sheet

Interest payable£421k
Assets less current liabilities£9.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.76-£10.7M
20232.46-£2.2M
20221.76-£5.5M
20211.92+£239k
20202.32-£1.9M
20192.15

Derived from filed accounts. Not audited figures.