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Forging Spares And Services Limited

01618901

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 8 outstanding charges (-10)

Details

2 ASTBURY FARM COTTAGES, BRIDGNORTH, WV16 6AT
Incorporated 02/03/1982

Compliance

Last accounts

31/05/2025

micro entity

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 28/06/2025

Due 12/07/2026

On track

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Catherine Carmichael Price

secretary · Since 02/03/1982

BRITISH · UNITED KINGDOM · Age 81

Mrs Catherine Carmichael Price

director · Since 02/03/1982

COMPANY SECRETARY

BRITISH · ENGLAND · Age 81

Neil Ashley Price

director · Since 01/04/2003

INTERNET SALES MANAGER

BRITISH · UNITED KINGDOM · Age 53

Persons with Significant Control

Mrs Catherine Carmichael Price

50–75% shares
50–75% votes

British · England · Age 81

2, Astbury Farm Cottages, Bridgnorth, WV16 6AT

Notified 01/06/2017

Mr Neil Ashley Price

25–50% shares
25–50% votes

British · England · Age 53

2, Astbury Farm Cottages, Bridgnorth, WV16 6AT

Notified 01/06/2017

Charges8 outstanding

charge
outstanding

HSBC BANK PLC

Created 05/09/2005Registered 08/09/2005
charge
outstanding

HSBC BANK PLC

Created 02/08/2005Registered 05/08/2005
charge
outstanding

LLOYDS BANK PLC

Created 14/10/1996Registered 15/10/1996
charge
outstanding

LLOYDS BANK PLC

Created 09/02/1996Registered 14/02/1996
charge
outstanding

LLOYDS BANK PLC

Created 07/06/1991Registered 12/06/1991
charge
outstanding

BRADFORD & BUNGLEY BUILDING SOCIETY

Created 08/01/1990Registered 18/01/1990
charge
outstanding

NORWICH GENERAL FOREST LIMITED

Created 15/01/1986Registered 20/01/1986
charge
outstanding

LLOYDS BANK PLC

Created 07/12/1984Registered 08/12/1984

CompanyRankvs 3403+ SIC 47910 peers
68

Financial strength80th percentile among SIC peers · 20/25
Employees54th percentile among SIC peers · 8/15
LiquidityCurrent ratio 2.68× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3403Forging Spares And Services Limited
78
How is this score calculated?
Financial strength20/25 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 31/05/2025

Net Worth

£9k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£17k

Current Liabilities

£6k

Fixed Assets

£187

1avg. employees

Balance Sheet

Assets less current liabilities£11k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20252.68+£0
20252.68-£19k
20246.78-£41k
202312.19-£24k
20226.42—

Derived from filed accounts. Not audited figures.