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Rees Metals Limited

01776396

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

PENCOED WORKS, LLANELLI, SA14 9LN
Incorporated 08/12/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

38320
Recovery of sorted materials

Officers

Ms Sharon Davies

secretary · Since 09/09/1993

ACCOUNTS CLERK

BRITISH · UNITED KINGDOM · Age 64

Also on 5 other boards

Ms Sharon Davies

director · Since 09/09/1993

ACCOUNTS CLERK

BRITISH · UNITED KINGDOM · Age 64

Also on 5 other boards

Mr Leonard Morris Davies

director · Since 24/08/2015

DIRECTOR

BRITISH · WALES · Age 66

Persons with Significant Control

Rees Holdings Limited

75–100% shares
75–100% votes
Appoint directors

19, Murray Street, Llanelli, SA15 1AQ

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

MIDLAND BANK PLC

Created 09/03/1993Registered 13/03/1993

CompanyRankvs 1003+ SIC 38320 peers
40

Financial strength29th percentile among SIC peers · 7/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.45× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength7/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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 30/11/2024

Net Worth

£100

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

-£494k

Working capital

Current Assets

£403k

Current Liabilities

£897k

Fixed Assets

£200k

Debtors

£32k

5avg. employees+1

Balance Sheet

Assets less current liabilities-£295k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.45
20230.49
20220.54+£10k
20210.54+£34k
20200.50-£17k
20190.46-£74k
20180.51

Derived from filed accounts. Not audited figures.