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Cutting & Wear Resistant Developments Limited

00942427

active
Private Limited Company
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

7 COWLEY WAY, SHEFFIELD, S35 1QP
Incorporated 15/11/1968

Compliance

Last accounts

30/09/2024

medium

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

32990
Other manufacturing

Officers

Mark Alexander Russell

director · Since 31/10/1991

DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 5 other boards

Andrew Ollerenshaw

director · Since 21/05/2013

TECHNICAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Mr Peter Burns

director · Since 05/01/2015

CONSULTANT

BRITISH · ENGLAND · Age 74

Also on 1 other board

Mr Matthew Cooper

director · Since 12/12/2022

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 1 other board

Mr Liam Thomas Moore

director · Since 06/02/2025

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Also on 1 other board

Mr Paul Jacobs

director · Since 06/02/2025

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Mr Brett Howard Russell

director · Since 06/02/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 2 other boards

Persons with Significant Control

Mark Alexander Russell

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 74

Thorn House, Low Bradfield, Sheffield, S6 6LB

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 22/04/2015Registered 25/04/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 14/04/2015Registered 16/04/2015
charge
satisfied

CLYDESDALE BANK PLC

Created 11/02/2011Registered 23/02/2011Satisfied 18/09/2015
charge
satisfied

CLYDESDALE BANK PLC (TRADING AS YORKSHIRE BANK)

Created 11/02/2011Registered 23/02/2011Satisfied 18/09/2015
charge
satisfied

CLYDESDALE BANK PLC

Created 26/01/2011Registered 09/02/2011Satisfied 18/09/2015
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 25/02/2005Registered 26/02/2005Satisfied 18/09/2015
charge
satisfied

ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 17/10/2002Registered 23/10/2002Satisfied 19/12/2005
charge
satisfied

ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 23/04/2001Registered 26/04/2001Satisfied 19/12/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/12/2000Registered 22/12/2000Satisfied 19/12/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/08/1987Registered 25/08/1987Satisfied 19/12/2005

CompanyRankvs 18+ SIC 32990 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.81× · 20/20
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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18Cutting & Wear Resistant Developments 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 30/09/2024

Turnover

£12.2M

Annual revenue

Net Worth

£7.2M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

£1.7M

Bottom line earnings

Net Current Assets

£4.4M

Working capital

Current Assets

£6.8M

Current Liabilities

£2.4M

Fixed Assets

£4.7M

Debtors

£2.6M

Cost of Sales

£7.3M

Gross Profit

£4.9M

Admin Expenses

£3.0M

Operating Profit

£1.8M

Profit After Tax

£1.3M

72avg. employees+6

Tax at Year End

Corp tax£242k
Dividends paid£100k

Director Loans

Company owes directors£39k

People Costs

Wages & salaries£3.3M
NI contributions£378k

Balance Sheet

Assets less current liabilities£9.1M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20242.81+£1.2M
20232.69+£1.3M
20212.79—

Derived from filed accounts. Not audited figures.