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Petersen Stainless Rigging Limited

01372922

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

COWEN ROAD, TYNE & WEAR, NE21 5TW
Incorporated 12/06/1978

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25110
Manufacture of metal structures and parts of structures
25940
Manufacture of fasteners and screw machine products
25990
Manufacture of other fabricated metal products

Officers

Mr Norman Bell

director · Since 30/09/1991

CHARTERED ACCONTANT

BRITISH · UNITED KINGDOM · Age 80

Also on 3 other boards

Mr Harold Bell

director · Since 15/02/2008

TRAINEE QUANTITY SURVEYOR

BRITISH · UNITED KINGDOM · Age 45

Mrs Keira Bell

director · Since 15/02/2008

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 46

Mrs Shelley Jane Wales

director · Since 15/10/2015

OPERATIONS MANAGER

BRITISH · ENGLAND · Age 58

Also on 1 other board

Mr Steven Bolton

director · Since 24/09/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 50

Charges2 outstanding

Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 05/02/2018Registered 07/02/2018
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 05/02/2018Registered 07/02/2018
charge
satisfied

BARCLAYS BANK PLC

Created 13/01/1997Registered 23/01/1997Satisfied 21/12/2017
charge
satisfied

BARCLAYS BANK PLC

Created 01/08/1996Registered 07/08/1996Satisfied 21/12/2017
charge
satisfied

BARCLAYS BANK PLC

Created 01/08/1996Registered 07/08/1996Satisfied 21/12/2017
charge
satisfied

BARCLAYS BANK PLC

Created 30/06/1988Registered 11/07/1988Satisfied 06/02/2018
charge
satisfied

BARCLAYS BANK PLC

Created 08/03/1988Registered 23/03/1988Satisfied 28/03/1990

CompanyRankvs 104+ SIC 25110 peers
77

Financial strength92th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.02× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.7M

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£885k

Working capital

Current Assets

£1.3M

Current Liabilities

£438k

Fixed Assets

£1.1M

Debtors

£668k

Profit After Tax

£14k

38avg. employees-18

Tax at Year End

Dividends paid£61k

Balance Sheet

Assets less current liabilities£1.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20243.02+£14k
20232.77-£47k
20222.53+£142k
20212.18—

Derived from filed accounts. Not audited figures.