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Adelaide Engineering Company Limited

00650793

active
Private Limited Company
england wales
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

PRESCO HOUSE, WALSALL, WS1 2JN
Incorporated 29/02/1960

Compliance

Last accounts

31/12/2024

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 02/01/2026

Due 16/01/2027

On track

Industry

25620
Machining
25990
Manufacture of other fabricated metal products

Officers

Mr Christopher James Parkes

secretary · Since 15/05/1996

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 18 other boards

Mr Christopher James Parkes

director · Since 15/05/1996

DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 18 other boards

Mr Robert William Parkes

director · Since 15/05/1996

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 1 other board

Persons with Significant Control

Robert Parkes (Holdings) Limited

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

Presco House, Selborne Street, Walsall, WS1 2JN

Reg: 01307130 · Companies House · Private Limited Company

Notified 31/12/2020

Former PSCs

Mr Robert William Parkes

Ceased 31/12/2020

Charges2 outstanding

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outstanding

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NATIONAL WESTMINSTER BANK PLC

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LLOYDS BANK PLC

Created 06/02/2023Registered 15/02/2023Satisfied 22/04/2026
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LLOYDS BANK PLC

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LLOYDS BANK PLC

Created 11/07/2016Registered 13/07/2016Satisfied 22/04/2026
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LLOYDS TSB BANK PLC

Created 21/03/2005Registered 23/03/2005Satisfied 02/05/2026
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satisfied

LLOYDS TSB BANK PLC

Created 21/03/2005Registered 23/03/2005Satisfied 23/04/2026
charge
satisfied

BARCLAYS BANK PLC

Created 05/07/1999Registered 20/07/1999Satisfied 23/04/2026
charge
satisfied

BARCLAYS BANK PLC

Created 05/07/1999Registered 16/07/1999Satisfied 23/04/2026
charge
satisfied

BARCLAYS BANK PLC

Created 10/02/1994Registered 11/02/1994Satisfied 23/04/2026
charge
satisfied

BARCLAYS BANK PLC,AS TRUSTEE FOR THE LENDERS

Created 10/02/1994Registered 11/02/1994Satisfied 22/09/1999
charge
satisfied

BARCLAYS BANK PLC

Created 10/02/1994Registered 11/02/1994Satisfied 10/12/2025
charge
satisfied

BARCLAYS BANK PLC

Created 24/05/1993Registered 03/06/1993Satisfied 18/06/1996
charge
satisfied

BARCLAYS BANK PLC

Created 09/10/1992Registered 26/10/1992Satisfied 22/09/1999
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 09/10/1992Registered 21/10/1992Satisfied 22/09/1999

CompanyRankvs 1645+ SIC 25620 peers
40

Financial strength1th percentile among SIC peers · 0/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 pts

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

Liquidity6/20 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 31/12/2023

Net Worth

-£193k

Balance sheet strength

Cash

£137k

Cash in the bank

Net Current Assets

-£904k

Working capital

Current Assets

£1.3M

Current Liabilities

£2.2M

Fixed Assets

£1.1M

Debtors

£549k

Profit After Tax

-£76k

26avg. employees

Balance Sheet

Assets less current liabilities£186k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.59+£135k
20200.79+£123k
20190.76+£2k
20180.44+£16k
20170.52

Derived from filed accounts. Not audited figures.