Olympic Welding Limited
01014957
Healthy
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Alex Penney
British · England · Age 45
Honingham Thorpe Farm, Norwich Road, Colton, NR9 5BZ
Notified 06/04/2016
Former PSCs
Mrs Pamela Kathleen Penney
Ceased 31/07/2017
Charges2 outstanding
HSBC BANK PLC
MIDLAND BANK LTD
CompanyRankvs 551+ SIC 25990 peers73
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
£506k
Balance sheet strength
Cash
£386
Cash in the bank
Net Current Assets
£465k
Working capital
Current Assets
£650k
Current Liabilities
£185k
Fixed Assets
£64k
Debtors
£577k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 3.51 | +£0 | — |
| 2025 | 3.51 | +£14k | — |
| 2024 | 2.26 | -£62k | — |
| 2023 | 3.00 | +£54k | — |
| 2022 | 3.88 | +£18k | — |
| 2021 | 3.55 | +£23k | £117k |
| 2020 | 3.01 | +£150k | £117k |
| 2019 | 1.64 | +£89k | £403k |
| 2018 | 1.69 | — | — |
Derived from filed accounts. Not audited figures.