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Tower Tool Company Limited

01474169

active
Private Limited Company
england wales
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

21 VICTORIA STREET, LEICESTER, LE8 8AZ
Incorporated 21/01/1980

Compliance

Last accounts

31/08/2024

micro entity

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 16/10/2025

Due 30/10/2026

On track

Industry

25730
Manufacture of tools

Officers

Mr Myles Anthony Ball

director · Since 16/10/1991

ENGINEER

BRITISH · UNITED KINGDOM · Age 69

Also on 2 other boards

Mrs Margaret Patricia Ball

secretary · Since 25/08/2005

BRITISH · Age 71

Persons with Significant Control

Mr Myles Anthony Ball

75–100% shares

British · England · Age 69

21, Victoria Street, Leicester, LE8 8AZ

Notified 06/04/2016

Charges3 outstanding

charge
outstanding

LLOYDS TSB COMMERCIAL FINANCE LIMITED · LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 25/09/2006Registered 27/09/2006
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/09/2005Registered 09/09/2005
charge
outstanding

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 22/02/2005Registered 24/02/2005
charge
satisfied

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 22/02/2005Registered 24/02/2005Satisfied 29/11/2014
charge
satisfied

BARCLAYS BANK PLC,

Created 22/03/1994Registered 31/03/1994Satisfied 16/09/2006
charge
satisfied

MIDLAND BANK LTD

Created 08/12/1981Registered 15/12/1981Satisfied 24/04/1998

CompanyRankvs 396+ SIC 25730 peers
65

Financial strength66th percentile among SIC peers · 17/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio Infinity× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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396Tower Tool Company Limited
55
How is this score calculated?
Financial strength17/25 pts

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

Employees8/15 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 31/08/2024

Net Worth

£123k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£122k

Working capital

Current Assets

£122k

Current Liabilities

£0

Fixed Assets

£756

2avg. employees

Balance Sheet

Assets less current liabilities£123k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
2024Infinity-£15k
2023Infinity-£15k
2022Infinity-£15k
2021Infinity-£10k
2020581.59+£5k
201934.11—

Derived from filed accounts. Not audited figures.