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Bailey & Wade Engineering Co Limited

01200891

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

LUCKMANS, 1110 ELLIOTT COURT BUSINESS PARK, COVENTRY, CV5 6UB
Incorporated 19/02/1975

Compliance

Last accounts

31/08/2024

small

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 05/03/2026

Due 19/03/2027

On track

Industry

25930
Manufacture of wire products, chain and springs

Officers

Mrs Louise Fisher

director · Since 07/04/2022

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 5 other boards

Mr Stuart Eric James Whitehouse

director · Since 07/04/2022

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 10 other boards

Persons with Significant Control

Ernest Engineering Limited

75–100% shares
75–100% votes

11, Bayton Road, Coventry, CV7 9EL

Reg: 09869628 · Companies House · Private Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 28/02/2023Registered 02/03/2023
charge
satisfied

AUSTIN STEVEN CHARLES WADE, ERNEST VICTOR WADE AND JULIA ELISABETH WADE

Created 16/08/2010Registered 18/08/2010Satisfied 08/04/2022
charge
satisfied

ERNEST VICTOR WADE AND JULIA ELISABETH WADE

Created 14/10/2003Registered 18/10/2003Satisfied 08/04/2022
charge
satisfied

LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED

Created 05/06/1991Registered 14/06/1991Satisfied 22/07/2010
charge
satisfied

BARCLAYS BANK PLC

Created 06/07/1983Registered 15/07/1983Satisfied 22/07/2010
charge
satisfied

BARCLAYS BANK PLC

Created 14/06/1983Registered 28/06/1983Satisfied 22/07/2010

CompanyRankvs 153+ SIC 25930 peers
52

Financial strength55th percentile among SIC peers · 14/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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90
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90
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90
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89
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89
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89
7Rawlplug Limited
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88
9Mettex Electric Company Limited
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153Bailey & Wade Engineering Co Limited
58
How is this score calculated?
Financial strength14/25 pts

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

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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

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

Key FinancialsYear ending 31/08/2024

Net Worth

£264k

Balance sheet strength

Cash

£63k

Cash in the bank

Net Current Assets

-£441k

Working capital

Current Assets

£451k

Current Liabilities

£892k

Fixed Assets

£939k

Debtors

£113k

19avg. employees

Balance Sheet

Assets less current liabilities£498k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.51-£83k
20230.92-£65k
20221.30+£72k
20211.31+£188k
20201.10+£5k
20191.06+£5k
20181.06—

Derived from filed accounts. Not audited figures.