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Destec Engineering Limited

00946573

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

DESTEC FIVE MILE LANE, LINCOLN, LN4 1AF
Incorporated 23/01/1969

Compliance

Last accounts

28/02/2025

medium

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 29/09/2025

Due 13/10/2026

On track

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Barry Porter

director · Since 31/12/1990

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 87

Ms Karyn Louise Andrews

director · Since 01/11/2014

FINANCIAL DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 1 other board

M/S Karyn Louise Andrews

secretary · Since 20/09/2017

Persons with Significant Control

Mr Barry Porter

50–75% shares

British · England · Age 87

Ashdown, Cromwell Avenue, Woodhall Spa, LN10 6TH

Notified 06/04/2016

Mr John Alan Stewart Maclachlan

25–50% shares

British · England · Age 94

Little House, Sandy Lane, Padstow, PL28 8SD

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/11/2017Registered 14/11/2017Satisfied 11/01/2023
charge
satisfied

BARCLAYS BANK PLC

Created 05/07/1993Registered 15/07/1993Satisfied 10/08/2011
charge
satisfied

BARCLAYS BANK PLC

Created 28/01/1993Registered 09/02/1993Satisfied 26/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 24/01/1991Registered 13/02/1991Satisfied 26/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 14/05/1990Registered 04/06/1990Satisfied 26/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 27/10/1989Registered 16/11/1989Satisfied 10/08/2011
charge
satisfied

BARCLAYS BANK PLC

Created 10/12/1984Registered 19/12/1984Satisfied 26/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 23/04/1980Registered 01/05/1980Satisfied 26/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 14/07/1976Registered 04/08/1976Satisfied 10/08/2011

CompanyRankvs 15+ SIC 25990 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.81× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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

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 28/02/2025

Turnover

£13.5M

Annual revenue

Net Worth

£17.4M

Balance sheet strength

Cash

£5.4M

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

£12.8M

Working capital

Current Assets

£16.2M

Current Liabilities

£3.4M

Fixed Assets

£5.3M

Debtors

£2.3M

Cost of Sales

£8.5M

Gross Profit

£4.9M

Admin Expenses

£3.0M

Operating Profit

£2.0M

Profit After Tax

£1.7M

81avg. employees

Tax at Year End

Corp tax£451k

Director Loans

Company owes directors£128k

People Costs

Wages & salaries£4.4M
NI contributions£475k

Balance Sheet

Assets less current liabilities£18.1M
Prepared with Sage Accounts Production 24.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20254.81+£0
20254.81+£893k
20246.22+£792k
20237.35+£3.5M
20229.09-£292k
202117.05-£695k
20209.61—

Derived from filed accounts. Not audited figures.