Thermal Economics Limited
01665995
Healthy
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/10/1992
DIRECTOR
BRITISH · UNITED KINGDOM · Age 80
Also on 5 other boards
director · Since 17/10/1992
DIRECTOR
BRITISH · NETHERLANDS · Age 78
Also on 3 other boards
Persons with Significant Control
Mr Rudolf Josef Belanyi
British,Hungarian · England · Age 80
8 Cardiff Road, Bedfordshire, LU1 1PP
Notified 06/04/2016
Mr Hugo Brown
British · Netherlands · Age 78
8 Cardiff Road, Bedfordshire, LU1 1PP
Notified 06/04/2016
Charges3 outstanding
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 65+ SIC 46130 peers68
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
expose it to a variety of financial risks including credit risk and liquidity risk. The Directors are responsible for managing these risks to ensure the Company's ability to continue as a going concern. The Company does not use derivative financial instruments for hedging purposes, and therefore has no formal hedge accounting policy. Credit Risk The Company's principal financial assets are bank ba
Key FinancialsYear ending 31/10/2025
Turnover
£9.9M
Annual revenue
Net Worth
£3.8M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Profit Before Tax
£1.7M
Bottom line earnings
Net Current Assets
£3.4M
Working capital
Current Assets
£4.6M
Current Liabilities
£1.1M
Fixed Assets
£418k
Debtors
£2.3M
Cost of Sales
£7.0M
Gross Profit
£2.9M
Admin Expenses
£1.3M
Operating Profit
£1.6M
Profit After Tax
£1.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 4.00 | +£55k |
| 2024 | 3.45 | +£601k |
| 2023 | 2.57 | — |
Derived from filed accounts. Not audited figures.