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Selecta Systems Limited

01638655

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

100 BOLDMERE ROAD, SUTTON COLDFIELD, B73 5UB
Incorporated 28/05/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Maximilian Weihe

director · Since 01/04/2017

DIRECTOR

GERMAN · ENGLAND · Age 34

Also on 3 other boards

Persons with Significant Control

Mr Mark Weihe

50–75% shares
50–75% votes
Appoint directors

German · France · Age 61

20 Boulevard Rainer Iii, N.306, Monaco, 98 000

Notified 06/04/2016

CompanyRankvs 1685+ SIC 46900 peers
75

Financial strength97th percentile among SIC peers · 24/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.75× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 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

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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£20.6M

Annual revenue

Net Worth

£3.6M

Balance sheet strength

Cash

£2.7M

Cash in the bank

Profit Before Tax

£2.0M

Bottom line earnings

Net Current Assets

£2.7M

Working capital

Current Assets

£6.4M

Current Liabilities

£3.6M

Fixed Assets

£957k

Debtors

£1.3M

Cost of Sales

£12.9M

Gross Profit

£7.7M

Admin Expenses

£5.7M

Operating Profit

£2.0M

Profit After Tax

£1.5M

123avg. employees-2

Tax at Year End

Corp tax£21k
Dividends paid£1.0M

People Costs

Wages & salaries£4.0M
NI contributions£376k

Balance Sheet

Assets less current liabilities£3.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.75+£486k—
20231.73+£368k—
20221.58-£123k£7.9M
20211.58—£6.9M

Derived from filed accounts. Not audited figures.