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Main Systems Limited

01016456

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

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

BEACH ROAD, EAST SUSSEX, BN9 0BX
Incorporated 02/07/1971

Compliance

Last accounts

30/09/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 09/05/2026

Due 23/05/2027

On track

Industry

25990
Manufacture of other fabricated metal products
27120
Manufacture of electricity distribution and control apparatus

Officers

Mr Steven James Mainstone

director · Since 09/05/1992

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 4 other boards

Persons with Significant Control

Miss Catriona Marie Mainstone

significant-influence-or-control-as-trust

British · England · Age 58

Beach Road, East Sussex, BN9 0BX

Notified 06/04/2016

Mr Steven James Mainstone

Significant control
significant-influence-or-control-as-trust
significant-influence-or-control-as-firm

British · England · Age 67

Beach Road, East Sussex, BN9 0BX

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/10/2016Registered 12/10/2016Satisfied 09/02/2022
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED (SECURITY HOLDER)

Created 31/12/2003Registered 17/01/2004Satisfied 04/09/2009
charge
satisfied

WEST REGISTER (INVESTMENTS) LIMITED

Created 04/03/2003Registered 08/03/2003Satisfied 04/09/2009
charge
satisfied

TIMBERLAINE LIMITED

Created 30/07/1993Registered 20/08/1993Satisfied 02/12/1994
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/07/1993Registered 19/08/1993Satisfied 09/02/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/05/1992Registered 26/05/1992Satisfied 04/09/2009
charge
satisfied

CLOSE BROTHERS LIMITED

Created 04/10/1991Registered 11/10/1991Satisfied 22/01/1993
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/06/1988Registered 04/07/1988Satisfied 04/09/2009
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/11/1976Registered 14/12/1976Satisfied 04/09/2009

CompanyRankvs 237+ SIC 25990 peers
77

Financial strength93th percentile among SIC peers · 23/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.17× · 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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237Main Systems Limited
87
How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/09/2024

Net Worth

£2.1M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Net Current Assets

£2.0M

Working capital

Current Assets

£2.9M

Current Liabilities

£912k

Fixed Assets

£163k

Debtors

£1.1M

34avg. employees-2

Tax at Year End

Corp tax£9k

Director Loans

Company owes directors£161k

People Costs(2015)

Wages & salaries£1.7M
NI contributions£152k

Balance Sheet

Assets less current liabilities£2.1M
Signed by Mr S J Mainstone 06/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.17+£49k
20232.27+£18k
20221.96-£131k
20210.58+£704k
20200.50-£288k
20190.71—

Derived from filed accounts. Not audited figures.