S.I.P.(Industrial Products)Limited
00942287
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 07/12/2025
Due 21/12/2026
Industry
Officers
director · Since 03/01/1995
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 21 other boards
director · Since 20/08/2007
DIRECTOR
BRITISH · ENGLAND · Age 90
Also on 1 other board
director · Since 28/02/2020
FINANCIAL DIRECTOR
BRITISH · ENGLAND · Age 81
Also on 3 other boards
Former
secretary · Resigned 17/01/2002
director · Resigned 17/01/2002
director · Resigned 17/01/2002
secretary · Resigned 31/08/2004
secretary · Resigned 01/09/2005
director · Resigned 17/10/2007
director · Resigned 25/02/2009
director · Resigned 08/10/2009
director · Resigned 22/03/2010
director · Resigned 31/08/2010
director · Resigned 31/01/2020
Persons with Significant Control
Mr Paul Ippaso
British · England · Age 58
Gelders Hall Road, Loughborough, LE12 9NH
Notified 06/04/2016
Trident 2020 Limited
Sip(Industrial Products)Ltd, Gelders Hall Road, Shepshed, LE12 9NH
Reg: 8833004 · English Companies Register · Limited Company
Notified 06/04/2016
Charges5 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC INVOICE FINANCE (UK) LIMITED
HSBC UK BANK PLC
LLOYDS BANK COMMERCIAL FINANCE LTD
LLOYDS TSB BANK PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
Change History
Active
Private Limited Company
GELDERS HALL ROAD
LOUGHBOROUGH
CompanyRankvs 19+ SIC 32990 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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 concern are d
Key FinancialsYear ending 31/12/2025
Turnover
£16.3M
Annual revenue
Net Worth
£8.1M
Balance sheet strength
Cash
£3.6M
Cash in the bank
Profit Before Tax
£1.2M
Bottom line earnings
Net Current Assets
£8.0M
Working capital
Current Assets
£12.1M
Current Liabilities
£4.1M
Fixed Assets
£66k
Debtors
£3.9M
Cost of Sales
£9.9M
Gross Profit
£6.4M
Admin Expenses
£5.7M
Operating Profit
£623k
Profit After Tax
£990k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.95 | +£690k |
| 2024 | 2.95 | +£381k |
| 2023 | 2.58 | — |
Derived from filed accounts. Not audited figures.