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Positive Engineering Limited

01640356

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

40 VICTORIA ROAD, WEST MIDLANDS, B6 5HF
Incorporated 02/06/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45310
Wholesale trade of motor vehicle parts and accessories

Officers

Mrs Patricia Alice Brown

secretary · Since 31/12/1991

BRITISH · ENGLAND · Age 86

Also on 3 other boards

Mr David Jonathan Brown

director · Since 20/08/2003

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 3 other boards

Simon Peter Brown

director · Since 20/08/2003

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 67

Persons with Significant Control

Mr Simon Peter Brown

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

British · England · Age 67

40 Victoria Road, Aston, Birmingham, B6 5HF

Notified 07/09/2023

Mr David Jonathan Brown

25–50% shares
25–50% votes
Appoint directors

British · England · Age 59

40 Victoria Road, Aston, Birmingham, B6 5HF

Notified 07/09/2023

Former PSCs

Mrs Patricia Alice Brown

Ceased 07/09/2023

Charges2 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/02/2006Registered 14/03/2006
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/02/2006Registered 14/03/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 03/01/1984Registered 12/01/1984Satisfied 13/07/1989

CompanyRankvs 1424+ SIC 45310 peers
52

Financial strength87th percentile among SIC peers · 22/25
Employees69th percentile among SIC peers · 10/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1424Positive Engineering Limited
62
How is this score calculated?
Financial strength22/25 pts

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

Employees10/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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 31/12/2024

Net Worth

£523k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£454k

Working capital

Current Assets

—

Current Liabilities

£495k

Fixed Assets

£1.1M

Debtors

£40k

3avg. employees+3

Tax at Year End(2018)

Corp tax£8k

Balance Sheet

Intangible assets£5k
Assets less current liabilities£644k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
2024—-£73k
20230.09-£66k
20220.16-£66k
20210.17-£33k
20200.20-£38k
20190.27-£33k
20180.17+£563k
20160.13—

Derived from filed accounts. Not audited figures.