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Advance Tapes International Limited

00929843

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

2 WESTMORELAND AVENUE, LEICESTER, LE4 8PH
Incorporated 01/04/1968

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Michael David Ayres

director · Since 02/05/1993

CHIEF EXECUTIVE

BRITISH · UNITED KINGDOM · Age 63

Also on 1 other board

Mrs Sharon Mary Boyle

director · Since 01/01/2010

DIRECTOR

BRITISH · ENGLAND · Age 55

Mr Kym Christopher Ellington

director · Since 01/04/2017

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 5 other boards

Persons with Significant Control

Advance Tapes Group Limited

75–100% shares

2, Westmoreland Avenue, Leicester, LE4 8PH

Notified 06/04/2016

Former PSCs

Mr Michael David Ayres

Ceased 22/08/2024

Charges3 outstanding

Charge
outstanding

MEIF II - DEBT ESEM LP ACTING BY ITS GENERAL PARTNER MAVEN MEIF II ESEM DEBT GP LTD

Created 10/09/2024Registered 17/09/2024
Charge
satisfied

MEIF ESEM DEBT LP ACTING BY ITS GENERAL PARTNER MAVEN MEIF (EM) GP (ONE) LIMITED

Created 17/05/2019Registered 23/05/2019Satisfied 16/04/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD · HSBC ASSET FINANCE (UK) LTD

Created 12/02/2016Registered 12/02/2016
charge
outstanding

HSBC BANK PLC

Created 17/04/2012Registered 20/04/2012
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 07/03/2000Registered 20/03/2000Satisfied 11/08/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 10/05/1999Registered 14/05/1999Satisfied 14/09/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 13/09/1993Registered 22/09/1993Satisfied 14/09/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/11/1982Registered 06/12/1982Satisfied 14/09/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/09/1972Registered 05/10/1972Satisfied 14/09/2007

CompanyRankvs 1223+ SIC 32990 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.15× · 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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1223Advance Tapes International Limited
82
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.

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 31/12/2024

Net Worth

£5.0M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£653k

Working capital

Current Assets

£5.0M

Current Liabilities

£4.4M

Fixed Assets

£5.5M

Debtors

£2.0M

Profit After Tax

-£967k

98avg. employees

Balance Sheet

Bank loans & overdrafts£258k
Assets less current liabilities£6.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.15

Derived from filed accounts. Not audited figures.