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Wessex Lift Co Ltd

01269836

active
Private Limited Company
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

NO 38 THE MALTINGS NO 38 THE MALTING BUSINESS CENTRE, STANSTEAD ABBOTTS, SG12 8HG
Incorporated 21/07/1976

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28220
Manufacture of lifting and handling equipment

Officers

Mr John Edward Ratcliff

director · Since 16/05/1992

DIRECTOR

BRITISH · ENGLAND · Age 90

Also on 6 other boards

Mr Mark Christopher David Ivinson

secretary · Since 26/10/1998

BRITISH · ENGLAND · Age 62

Also on 5 other boards

Mrs Sharon Crompton

director · Since 18/11/2024

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 47

Persons with Significant Control

Mr John Edward Ratcliff

Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

British · England · Age 89

Rosehill, Hillside Lane,, Ware, SG12 9SQ

Notified 06/04/2016

Former PSCs

Mr John Ratcliff

Ceased 01/01/2023

Charges4 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 20/07/2023Registered 20/07/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 15/07/2022Registered 19/07/2022
Charge
outstanding

GORDON BLUM PENSION MANAGEMENT SERVICE LIMITED (REGISTERED NUMBER 07506049) · ANDREW SMYTH AND MARK IVINSON AS TRUSTEES OF THE RATCLIFF GROUP PENSION SCHEME · ANY OTHER PERSON OR PERSONS WHO IS OR ARE FOR THE TIME BEING A TRUSTEE OF THE RATCLIFF GROUP PE

Created 21/01/2021Registered 17/02/2021
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/04/2016Registered 14/04/2016Satisfied 15/06/2022
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 14/05/1990Registered 16/05/1990
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/05/1990Registered 14/05/1990Satisfied 15/06/2022
charge
satisfied

CLOSE BROTHERS LIMITED

Created 23/02/1990Registered 28/02/1990Satisfied 15/06/2022
charge
satisfied

BARCLAYS BANK PLC

Created 16/01/1986Registered 22/01/1986Satisfied 07/03/1992
charge
satisfied

BARCLAYS BANK PLC

Created 31/03/1983Registered 13/04/1983Satisfied 07/03/1992

CompanyRankvs 235+ SIC 28220 peers
53

Financial strength86th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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235Wessex Lift Co Ltd
69
How is this score calculated?
Financial strength22/25 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.

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

Going concern doubt: -10 pts

Outstanding charges: -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 31/12/2024

Turnover

£14.3M

Annual revenue

Net Worth

£1.8M

Balance sheet strength

Cash

£360k

Cash in the bank

Profit Before Tax

£614k

Bottom line earnings

Net Current Assets

-£3k

Working capital

Current Assets

£6.1M

Current Liabilities

£6.1M

Fixed Assets

£1.8M

Debtors

£3.3M

Cost of Sales

£9.6M

Gross Profit

£4.7M

Admin Expenses

£2.3M

Operating Profit

£671k

Profit After Tax

£459k

116avg. employees-13

People Costs

Wages & salaries£3.7M
NI contributions£362k

Balance Sheet

Intangible assets£84k
Bank loans & overdrafts£484k
Assets less current liabilities£1.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.00+£459k
20230.94-£938k
20211.11—

Derived from filed accounts. Not audited figures.