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S.I.P.(Industrial Products)Limited

00942287

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

GELDERS HALL ROAD, LOUGHBOROUGH, LE12 9NH
Incorporated 13/11/1968

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 07/12/2025

Due 21/12/2026

On track

Industry

32990
Other manufacturing
46690
Wholesale of other machinery and equipment

Officers

Mr Paul Ippaso

director · Since 03/01/1995

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 21 other boards

Mr Paul Ippaso

secretary · Since 01/09/2005

BRITISH · UNITED KINGDOM · Age 58

Also on 21 other boards

Mrs Adriana Edy Ippaso

director · Since 20/08/2007

DIRECTOR

BRITISH · ENGLAND · Age 89

Also on 1 other board

Mr Roger Clive Povoas

director · Since 28/02/2020

FINANCIAL DIRECTOR

BRITISH · ENGLAND · Age 81

Also on 3 other boards

Persons with Significant Control

Mr Paul Ippaso

significant-influence-or-control-as-firm

British · England · Age 58

Gelders Hall Road, Loughborough, LE12 9NH

Notified 06/04/2016

Trident 2020 Limited

75–100% shares

Sip(Industrial Products)Ltd, Gelders Hall Road, Shepshed, LE12 9NH

Reg: 8833004 · English Companies Register · Limited Company

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 03/05/2024Registered 13/05/2024
Charge
outstanding

HSBC UK BANK PLC

Created 29/12/2023Registered 02/01/2024
Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 15/11/2023Registered 04/12/2023
Charge
outstanding

HSBC UK BANK PLC

Created 07/10/2023Registered 09/10/2023
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 27/07/2022Registered 04/08/2022
Charge
satisfied

BARCLAYS BANK PLC

Created 26/02/2016Registered 03/03/2016Satisfied 15/07/2019
charge
satisfied

LLOYDS TSB BANK PLC

Created 25/11/2011Registered 30/11/2011Satisfied 06/11/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/11/2011Registered 09/11/2011Satisfied 21/02/2024
charge
satisfied

ADRIANA EDY IPASSO

Created 20/10/2010Registered 28/10/2010Satisfied 08/02/2013
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 01/10/2010Registered 02/10/2010Satisfied 21/06/2022
charge
satisfied

ADRIANA EDY IPASSO

Created 11/09/2007Registered 25/09/2007Satisfied 16/10/2010
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 03/03/2006Registered 11/03/2006Satisfied 16/10/2010
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 28/02/2006Registered 01/03/2006Satisfied 16/10/2010
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/06/2003Registered 20/06/2003Satisfied 25/02/2012
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/05/2003Registered 28/05/2003Satisfied 25/02/2012
charge
satisfied

HSBC BANK PLC

Created 09/12/2002Registered 19/12/2002Satisfied 14/04/2004
charge
satisfied

MIDLAND BANK PLC

Created 17/10/1991Registered 22/10/1991Satisfied 08/01/1999
charge
satisfied

MIDLAND BANK PLC

Created 24/07/1980Registered 30/07/1980Satisfied 14/04/2004
charge
satisfied

MIDLAND BANK PLC

Created 25/01/1978Registered 08/02/1978Satisfied 14/04/2004
charge
satisfied

MIDLAND BANK PLC

Created 25/01/1978Registered 08/02/1978Satisfied 01/04/2004
charge
satisfied

MIDLAND BANK PLC

Created 25/01/1978Registered 08/02/1978Satisfied 08/01/1999

CompanyRankvs 18+ SIC 32990 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.95× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
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90
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90
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90
6Rotalink Limited
90
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90
8H. Jarvis Ltd
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9Tricogen Laboratories Limited
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10Silent Gliss Limited
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18S.I.P.(Industrial Products)Limited
90
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

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 co

Key FinancialsYear ending 31/12/2024

Turnover

£16.3M

Annual revenue

Net Worth

£7.4M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Profit Before Tax

£314k

Bottom line earnings

Net Current Assets

£7.3M

Working capital

Current Assets

£11.0M

Current Liabilities

£3.7M

Fixed Assets

£103k

Debtors

£4.5M

Cost of Sales

£10.5M

Gross Profit

£5.7M

Admin Expenses

£5.8M

Operating Profit

-£105k

Profit After Tax

£381k

74avg. employees+7

Tax at Year End

Dividends paid£466k

People Costs

Wages & salaries£3.1M
NI contributions£336k

Balance Sheet

Intangible assets£8k
Assets less current liabilities£7.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.95+£381k
20232.58-£5k
20222.74-£399k
20212.31—
20202.30—

Derived from filed accounts. Not audited figures.