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Multispark Erosion Limited

00844863

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

UNIT 4, POOLE, BH15 4JP
Incorporated 07/04/1965

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 01/10/2025

Due 15/10/2026

On track

Industry

25620
Machining

Officers

Mr David Ian Sheldon

director · Since 10/10/1991

ENGINEER

BRITISH · UNITED KINGDOM · Age 61

Also on 1 other board

Mrs Joyce Joan Sheldon

director · Since 10/10/1991

SECRETARY

BRITISH · UNITED KINGDOM · Age 92

Mrs Tracey Ann Sheldon

director · Since 12/10/2011

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 1 other board

Mr Aaron Sheldon

director · Since 01/05/2022

ENGINEER

BRITISH · UNITED KINGDOM · Age 28

Mr Aaron Christopher Sheldon

director · Since 01/05/2022

ENGINEER

BRITISH · UNITED KINGDOM · Age 28

Persons with Significant Control

Mr David Ian Sheldon

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Church View Chambers, 38 Market Square, Toddington, LU5 6BS

Notified 06/04/2016

Mrs Tracey Ann Sheldon

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Church View Chambers, 38 Market Square, Toddington, LU5 6BS

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 03/08/2021Registered 04/08/2021
Charge
outstanding

HSBC UK BANK PLC

Created 12/04/2021Registered 13/04/2021
charge
outstanding

MIDLAND BANK PLC

Created 03/12/1997Registered 04/12/1997
charge
outstanding

MIDLAND BANK PLC

Created 23/03/1982Registered 01/04/1982
charge
outstanding

MIDLAND BANK PLC

Created 21/04/1978Registered 27/04/1978

CompanyRankvs 1129+ SIC 25620 peers
54

Financial strength72th percentile among SIC peers · 18/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1129Multispark Erosion Limited
60
How is this score calculated?
Financial strength18/25 pts

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

Employees10/15 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 31/12/2025

Net Worth

£390k

Balance sheet strength

Cash

£120k

Cash in the bank

Net Current Assets

-£90k

Working capital

Current Assets

£403k

Current Liabilities

£493k

Fixed Assets

£864k

Debtors

£283k

7avg. employees

Director Loans(2025)

Directors owe company£9k

Balance Sheet

Assets less current liabilities£774k
Prepared with BTCSoftware AP Solution 2026 14.1.19

EstimatesDerived

YearCurrent RatioImplied Profit
20250.82-£111k
20251.12-£51k
20241.00-£58k
20231.67—

Derived from filed accounts. Not audited figures.