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Twinmar Limited

00763926

liquidation
Private Limited Company
england wales
Companies House
0 outstanding charges
Insolvency history
Health Score
N/A

Details

DEVONSHIRE HOUSE, BOREHAMWOOD, WD6 1QQ
Incorporated 11/06/1963

Compliance

Last accounts

30/06/2018

full

Next accounts due

30/06/2020

Overdue

Confirmation statement

Last: 30/11/2019

Due 11/01/2021

Overdue

Industry

47721
47721

Officers

Mr Marcel Bordon

director · Since 30/11/1992

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Also on 16 other boards

Persons with Significant Control

Twinmar Tech Limited

75–100% shares
75–100% votes

14, Maxted Road, Hemel Hempstead, HP2 7DX

Reg: 1115756 · Companies House · Limited By Shares

Notified 06/04/2016

Charges0 outstanding

Rent deposit deed
fully satisfied

Woodside and Heywood Trustee I Limited and Woodside and Heywood Trustee Ii Limited as Trustees for the Woodside Unit Trust

Premises k/a unit 5 woodside estate dunstable bedfordshire from time to time and all monies from time to time withdrawn as security for performance of the tenant's obligations.

£20,000.00 due or to become due from the company to the chargee

Created 09/09/2008Registered 12/09/2008Satisfied 16/02/2011

Insolvency History1 case

creditors voluntary liquidation19/06/2020

Michael Goldstein (practitioner) · Avner Radomsky (practitioner)

CompanyRankvs 105+ SIC 47721 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.23× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

appropriate; or the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue . Other information The directors are responsible for the

Key FinancialsYear ending 30/06/2018

Turnover

£42.3M

Annual revenue

Net Worth

£14.4M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Profit Before Tax

-£534k

Bottom line earnings

Net Current Assets

£11.3M

Working capital

Current Assets

£16.3M

Current Liabilities

£5.0M

Fixed Assets

£3.5M

Debtors

£7.0M

Cost of Sales

£23.8M

Gross Profit

£18.5M

Admin Expenses

£543k

Operating Profit

-£1.0M

Profit After Tax

-£423k

472avg. employees

Tax at Year End

Dividends paid£64k

People Costs

Wages & salaries£5.9M
NI contributions£347k

Balance Sheet

Intangible assets£553k
Assets less current liabilities£14.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20183.23

Derived from filed accounts. Not audited figures.