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Picross Precision Engineering Company Limited(The)

01380671

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

UNIT 2 SPINNAKER COURT 1C BECKETTS PLACE, KINGSTON ON THAMES, KT1 4EQ
Incorporated 27/07/1978

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25730
Manufacture of tools

Officers

Mr Darren Alan Stapleton

director · Since 23/09/2021

DIRECTOR

ENGLISH · ENGLAND · Age 54

Also on 4 other boards

Persons with Significant Control

West Oak Investments Limited

75–100% shares
75–100% votes

18 Lister Road, Highfield Industrial Estate (South), Eastbourne, BN23 6PU

Reg: 11161468 · England & Wales · Limited Company

Notified 31/05/2018

Former PSCs

Mr David Paul Patfield

Ceased 31/05/2018

Charges1 outstanding

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outstanding

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CompanyRankvs 15+ SIC 25730 peers
26

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.51× · 16/20
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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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.

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

foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion. Turnover Turnover is measured at the fair value of the consideration

Key FinancialsYear ending 31/03/2021

Net Worth

£402k

Balance sheet strength

Cash

£43k

Cash in the bank

Net Current Assets

£630k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.2M

Fixed Assets

£195k

Debtors

£1.3M

48avg. employees-1

Tax at Year End(2019)

Corp tax£18k
VAT£121k

Director Loans(2019)

Company owes directors£10k

Balance Sheet

Assets less current liabilities£825k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20211.51-£128k
20201.42-£250k
20191.64£2.4M

Derived from filed accounts. Not audited figures.