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Rimex Metals (U.K.) Limited

00644957

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

17 ADEN ROAD, ENFIELD, EN3 7SU
Incorporated 18/12/1959

Compliance

Last accounts

31/08/2025

full

Next accounts due

31/05/2027

On track

Confirmation statement

Last: 14/07/2025

Due 28/07/2026

On track

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Timothy John Childs

director · Since 01/01/1993

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 9 other boards

Mr Richard William Davies

secretary · Since 16/05/2022

Mr Ian Richard Tivnann

director · Since 24/09/2025

SALES DIRECTOR

BRITISH · ENGLAND · Age 55

Persons with Significant Control

Rimex Metals Group Ltd

75–100% shares

10, West Riding, Welwyn, AL6 0PD

Reg: 8532479 · Companies House · Limited Company

Notified 01/07/2016

Charges6 outstanding

Charge
outstanding

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HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 22/08/2012Registered 24/08/2012
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HSBC BANK PLC

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LOMBARD NORTH CENTRAL PLC

Created 12/08/2010Registered 24/08/2010
charge
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LOMBARD NORTH CENTRAL PLC

Created 22/06/1995Registered 24/06/1995Satisfied 08/02/2001
charge
satisfied

TSB COMMERCIAL FINANCE LIMITED

Created 28/07/1994Registered 01/08/1994Satisfied 28/09/2012
charge
satisfied

COUTTS & COMPANY BANKERS

Created 20/05/1991Registered 24/05/1991Satisfied 08/02/2001
charge
satisfied

COUTTS & COMPANY

Created 05/10/1990Registered 12/10/1990Satisfied 08/02/2001
charge
satisfied

COUTTS & COMPANY

Created 29/01/1990Registered 03/02/1990Satisfied 08/02/2001
charge
satisfied

COUTTS & COMPANY

Created 29/01/1990Registered 03/02/1990Satisfied 08/02/2001
charge
satisfied

STAINLESS EQUIPMENT COMPANY (METAL FINISHERS) LTD

Created 08/10/1985Registered 24/10/1985Satisfied 29/09/1990
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/04/1985Registered 19/04/1985Satisfied 14/04/1993
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 10/09/1976Registered 15/09/1976Satisfied 14/04/1993
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 27/09/1972Registered 02/10/1972Satisfied 14/04/1993

CompanyRankvs 729+ SIC 25990 peers
61

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.31× · 12/20
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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729Rimex Metals (U.K.) Limited
81
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.

Employees15/15 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

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

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 31/08/2024

Turnover

£20.2M

Annual revenue

Net Worth

£3.7M

Balance sheet strength

Cash

£830k

Cash in the bank

Profit Before Tax

£343k

Bottom line earnings

Net Current Assets

£1.9M

Working capital

Current Assets

£8.2M

Current Liabilities

£6.3M

Fixed Assets

£1.9M

Debtors

£4.2M

Cost of Sales

£13.7M

Gross Profit

£6.5M

Admin Expenses

£7.5M

Operating Profit

£412k

Profit After Tax

£282k

64avg. employees-16

Tax at Year End

Corp tax£61k
Dividends paid£250k

People Costs

Wages & salaries£3.8M
NI contributions£411k

Balance Sheet

Intangible assets£803k
Assets less current liabilities£3.8M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.31+£32k
20231.31+£21k
20221.22+£137k
20211.22-£167k
20201.22+£104
20191.25—

Derived from filed accounts. Not audited figures.