Springmasters Limited
00897155
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Previously known as
Compliance
Last accounts
31/05/2025
medium
Next accounts due
28/02/2027
Confirmation statement
Last: 12/02/2026
Due 26/02/2027
Industry
Officers
Former
director · Resigned 31/10/1996
secretary · Resigned 31/10/1996
director · Resigned 03/11/2000
director · Resigned 15/02/2011
director · Resigned 28/06/2013
director · Resigned 31/12/2018
director · Resigned 04/04/2019
director · Resigned 30/11/2020
director · Resigned 19/10/2022
Persons with Significant Control
Mr Ian Roderick Whitehead
British · England · Age 59
Arthur St, B98 8LF
Notified 06/04/2016
Charges2 outstanding
MIDLAND BANK PLC
MIDLAND BANK PLC
MIDLAND BANK PLC
Change History
Active
Private Limited Company
ARTHUR ST
CompanyRankvs 15+ SIC 25930 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the consolidated financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respe
Key FinancialsYear ending 31/05/2025
Turnover
£9.0M
Annual revenue
Net Worth
£16.0M
Balance sheet strength
Cash
£641k
Cash in the bank
Profit Before Tax
£2.0M
Bottom line earnings
Net Current Assets
£8.3M
Working capital
Current Assets
£13.6M
Current Liabilities
£5.3M
Fixed Assets
£8.5M
Debtors
£1.9M
Cost of Sales
£4.5M
Gross Profit
£4.5M
Admin Expenses
£3.1M
Operating Profit
£1.6M
Profit After Tax
£1.6M
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.57 | +£0 |
| 2025 | 2.57 | +£559k |
| 2024 | 2.67 | +£462k |
| 2023 | 3.34 | +£1.2M |
| 2022 | 2.82 | -£545k |
| 2021 | 3.17 | +£1.5M |
| 2020 | 3.09 | — |
Derived from filed accounts. Not audited figures.