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Keyford Precision Engineering Ltd

01136379

liquidation
Private Limited Company
england wales
Companies House
2 outstanding charges
Insolvency history
Health Score
N/A

Details

11TH FLOOR, BIRMINGHAM, B2 5LG
Incorporated 26/09/1973

Compliance

Last accounts

31/08/2022

small

Next accounts due

31/05/2024

Overdue

Confirmation statement

Last: 01/03/2023

Due 15/03/2024

Overdue

Industry

32990
Other manufacturing

Officers

Mr Matthew James

director · Since 01/07/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 5 other boards

Persons with Significant Control

Keyford Holdings Limited

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

Olympic House, Whitworth Road, Frome, BA11 4BY

Reg: 06187874 · England And Wales · Limited Company

Notified 06/04/2016

Charges2 outstanding

A registered charge
outstanding

Hsbc UK Bank PLC

A fixed and floating charge over all assets.

Created 03/02/2022Registered 04/02/2022
A registered charge
outstanding

Narendra Patel and Kalpana Patel as Trustees of the Nd Chemist Pension Scheme

Created 16/09/2021Registered 21/09/2021
A registered charge
fully satisfied

Stephen Denmead and Andrew Mcpherson

Created 02/03/2021Registered 03/03/2021Satisfied 16/09/2021
Floating charge (all assets)
fully satisfied

Hsbc Invoice Finance (UK) Limited ("the Security Holder")

By way of floating charge all the undertaking of the company and all assets whatsoever and wheresoever including stock in trade and uncalled capital but excluding any debts and associated rights relating thereto see image for full details.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 10/03/2010Registered 13/03/2010Satisfied 25/02/2021
Legal assignment
fully satisfied

Hsbc Bank PLC

Any credit balance due to the company under condition 13 of the agreement for the purchase of debts between the company and hsbc as more particularly described in schedule 1 to the legal assignment and includes any discounting allowance as defined in and due under the contract, the benefit of all the other provisions of the contract and all securities (if any) for the contract but only in respect of that credit balance.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 09/07/2009Registered 10/07/2009Satisfied 02/03/2021
Debenture
fully satisfied

Hsbc Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 20/04/2007Registered 25/04/2007Satisfied 02/03/2021
Fixed charge on purchased debts which fail to vest
fully satisfied

Hsbc Invoice Finance (UK) Limited (the Security Holder)

By way of fixed equitable charge all debts purchased or purported to be purchased by the security holder pursuant to an agreement for the purchase of debts between the security holder and the company (including associated rights relating thereto) which fail to vest effectively or absolutely in the security holder for any reason.

All monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge

Created 10/04/2007Registered 20/04/2007Satisfied 25/02/2021
Chattel mortgage
fully satisfied

Alan Pettengale

Kpe serial number kpm-06, kpm-07, kpm-01, equipment description xyz pro 3000 age demo '98, xyz proturn 410 cnc lathe, xyz PRO4000 cnc bedmill for details of further equipment charged please refer to form 395. see the mortgage charge document for full details.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 10/04/2007Registered 18/04/2007Satisfied 25/07/2014
Fixed and floating charge
fully satisfied

Midland Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including uncalled capital goodwill bookdebts and patents.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 18/01/1994Registered 19/01/1994Satisfied 25/07/2014
Charge
fully satisfied

Midland Bank PLC

All book & other debts due owing or incured to the company.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 14/10/1985Registered 23/10/1985Satisfied 25/07/2014
Legal charge
fully satisfied

Midland Bank PLC

F/H olympic hourse, 7 whitworth road, frome, somerset.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 14/10/1985Registered 23/10/1985Satisfied 25/07/2014
Mortgage
fully satisfied

Midland Bank LTD

F/H 37 lower keyford road, frome, somerset together with all fixtures.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 13/06/1978Registered 19/06/1978Satisfied 22/03/2007
Charge
fully satisfied

Midland Bank LTD

Floating charge on the. Undertaking and all property and assets present and future including uncalled capital.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 24/02/1978Registered 02/03/1978Satisfied 22/03/2007

Insolvency History1 case

creditors voluntary liquidation24/06/2024

Richard Howard Toone (practitioner) · Craig Povey (practitioner)

CompanyRankvs 15+ SIC 32990 peers
30

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 3.44× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2022

Net Worth

£2.0M

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

£3.2M

Working capital

Current Assets

£4.5M

Current Liabilities

£1.3M

Fixed Assets

£99k

Debtors

£3.9M

34avg. employees+2

Tax at Year End

Corp tax£61k

Balance Sheet

Assets less current liabilities£3.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20223.44+£147k
20212.87—

Derived from filed accounts. Not audited figures.