Back to search

Katmex Seaham Limited

01378729

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

LONDONDERRY WORKS, COUNTY DURHAM, SR7 7SL
Incorporated 14/07/1978

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24100
Manufacture of basic iron and steel and of ferro-alloys

Officers

Mr David Mitchell

director · Since 31/10/2011

ENGINEER

BRITISH · ENGLAND · Age 69

Also on 3 other boards

Mrs Janette Mitchell

secretary · Since 14/12/2018

Persons with Significant Control

Mr David Mitchell

75–100% shares

British · England · Age 69

Londonderry Works, County Durham, SR7 7SL

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 09/02/2021Registered 10/02/2021
charge
satisfied

CLYDESDALE BANK PLC

Created 02/11/2011Registered 03/11/2011Satisfied 18/01/2021
charge
satisfied

BARCLAYS BANK PLC

Created 05/02/1987Registered 17/02/1987Satisfied 03/11/2011
charge
satisfied

BARCLAYS BANK PLC

Created 11/11/1982Registered 22/11/1982
charge
satisfied

BARCLAYS BANK PLC

Created 02/01/1980Registered 08/01/1980Satisfied 03/11/2011

CompanyRankvs 87+ SIC 24100 peers
62

Financial strength89th percentile among SIC peers · 22/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.58× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
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.

Employees14/15 pts

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

Liquidity16/20 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

However, based on the factors set out above the director believes that there is no material uncertainty in relation to going concern and that the company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements and therefore the director believes it re

Key FinancialsYear ending 30/09/2022

Net Worth

£1.2M

Balance sheet strength

Cash

£178k

Cash in the bank

Net Current Assets

£535k

Working capital

Current Assets

£1.5M

Current Liabilities

£916k

Fixed Assets

£945k

Debtors

£775k

42avg. employees+5

Balance Sheet

Assets less current liabilities£1.5M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20221.58+£172k
20211.49+£34k
20202.60-£133k
20191.80+£114k
20181.74

Derived from filed accounts. Not audited figures.