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Althon Limited

01579423

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

VULCAN ROAD SOUTH, NR6 6AF
Incorporated 12/08/1981

Compliance

Last accounts

30/11/2024

medium

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 08/05/2026

Due 22/05/2027

On track

Industry

46630
Wholesale of mining, construction and civil engineering machinery

Officers

Mr Graeme Clive Stuart Gates

director · Since 08/05/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 78

Also on 7 other boards

Mr Timothy Patrick James Gates

director · Since 14/02/2011

BUSINESS MANAGER

BRITISH · ENGLAND · Age 42

Also on 1 other board

Mr Gerald Spencer Cox Bsc

director · Since 10/06/2011

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 4 other boards

Mr Daniel Matthew Fiddy

director · Since 10/06/2011

GROUP ACCOUNTANT

BRITISH · ENGLAND · Age 40

Also on 3 other boards

Mr Daniel Matthew Fiddy

secretary · Since 01/01/2013

Also on 3 other boards

Persons with Significant Control

The Mag Group Limited

75–100% shares

Mag Group Building, Vulcan Road South, Norwich, NR6 6AF

Reg: 04577893 · England · Limited Company

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/11/1983Registered 10/11/1983

CompanyRankvs 105+ SIC 46630 peers
69

Financial strength98th percentile among SIC peers · 25/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.88× · 20/20
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 strength25/25 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

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 30/11/2024

Turnover

£13.9M

Annual revenue

Net Worth

£6.5M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Profit Before Tax

£853k

Bottom line earnings

Net Current Assets

£6.3M

Working capital

Current Assets

£9.7M

Current Liabilities

£3.4M

Fixed Assets

£303k

Debtors

£7.2M

Cost of Sales

£9.2M

Gross Profit

£4.7M

Admin Expenses

£3.9M

Operating Profit

£832k

Profit After Tax

£640k

7avg. employees

Tax at Year End

Corp tax£176k

People Costs

Wages & salaries£462k
NI contributions£55k

Balance Sheet

Assets less current liabilities£6.6M
Prepared with PTP Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.88+£640k
20232.53+£825k
20222.41+£908k
20212.22+£686k
20202.27+£641k
20192.28+£580k
20181.98

Derived from filed accounts. Not audited figures.