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Ced Limited

00624843

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

2 PURDEYS WAY, ROCHFORD, SS4 1NE
Incorporated 03/04/1959

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46130
Agents involved in the sale of timber and building materials

Officers

Mr Michael Elliott Walley Heap

director · Since 10/07/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 8 other boards

Mr Richard Robert Davies

secretary · Since 09/11/1992

BRITISH · UNITED KINGDOM · Age 75

Also on 4 other boards

Mr Giles Elliott James Walley Heap

director · Since 07/01/1999

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 2 other boards

Mr Calum Stuart Fraser

director · Since 25/09/2008

MANAGER

BRITISH · UNITED KINGDOM · Age 64

Mr Howard White

director · Since 05/01/2016

OPERATIONS MANAGER

BRITISH · ENGLAND · Age 61

Mr Antony Richard Spink

director · Since 03/01/2017

COMPANY ACCOUNTANT

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Persons with Significant Control

Mr Michael Elliott Walley Heap

75–100% shares
75–100% votes
Appoint directors

British · England · Age 79

728, London Road, Grays, RM20 3LU

Notified 01/07/2016

Mr Giles Elliott John Walley Heap

Significant control

British · England · Age 54

2, Purdeys Way, Rochford, SS4 1NE

Notified 01/07/2016

Charges1 outstanding

Charge
outstanding

OPTIMUM SME FINANCE LIMITED

Created 03/11/2025Registered 10/11/2025
Charge
satisfied

LEUMI ABL LIMITED

Created 05/01/2021Registered 19/01/2021Satisfied 01/10/2024
Charge
satisfied

LEUMI ABL LIMITED

Created 05/01/2021Registered 07/01/2021Satisfied 01/10/2024
Charge
satisfied

LEUMI ABL LIMITED

Created 04/12/2020Registered 10/12/2020Satisfied 21/08/2023
Charge
satisfied

BARCLAYS BANK PLC

Created 08/05/2017Registered 10/05/2017Satisfied 08/12/2020
Charge
satisfied

BARCLAYS BANK PLC

Created 21/07/2016Registered 03/08/2016Satisfied 08/12/2020
Charge
satisfied

BARCLAYS BANK PLC

Created 10/09/2013Registered 20/09/2013Satisfied 08/12/2020
charge
satisfied

HERITAGE PROPERTIES (EAST MIDLANDS) LIMITED

Created 19/05/2011Registered 24/05/2011Satisfied 30/10/2025
charge
satisfied

BARCLAYS BANK PLC

Created 10/07/2003Registered 12/07/2003Satisfied 08/12/2020
charge
satisfied

BARCLAYS BANK PLC

Created 21/05/2003Registered 02/06/2003Satisfied 08/12/2020
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/01/1996Registered 24/02/1996Satisfied 10/12/2003
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 31/08/1995Registered 12/09/1995Satisfied 03/10/2003
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/03/1990Registered 03/04/1990Satisfied 06/03/2002
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 31/03/1988Registered 13/04/1988Satisfied 03/10/2003
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/07/1983Registered 29/07/1983Satisfied 03/10/2003

CompanyRankvs 1120+ SIC 46130 peers
39

Financial strength95th percentile among SIC peers · 24/25
Employees35th percentile among SIC peers · 5/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -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.

Employees5/15 pts

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

Liquidity0/20 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

Outstanding charges: -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 attention to note 1.4 in the financial statements, which describes the Directors’ assessment of the Company’s ability to continue as a going concern. As stated in that note, the

Key FinancialsYear ending 31/12/2024

Net Worth

£3.3M

Balance sheet strength

Cash

£498k

Cash in the bank

Net Current Assets

£2.8M

Working capital

Current Assets

£5.8M

Current Liabilities

Fixed Assets

£1.1M

Debtors

£2.3M

Cost of Sales

£10.6M

Admin Expenses

£4.7M

Profit After Tax

-£2.0M

1avg. employees-76

Tax at Year End

Corp tax£328k

People Costs

Wages & salaries£2.9M

Balance Sheet

Intangible assets£110k
Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
2024-£2.4M
20232.45+£2.2M
20220.95+£696k
20211.00+£83k
20201.12+£1.2M
20190.80-£353k
20180.87-£602k
20161.02

Derived from filed accounts. Not audited figures.