Vacuum Furnace Engineering Limited
01920664
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 04/08/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 55
Also on 2 other boards
Persons with Significant Control
Mr Kaya Attila Busch
German · Germany · Age 51
Unit 8, Hingley Road Halesowen, B63 2RR
Notified 14/09/2021
Mr Sami Sinan Busch
German · Germany · Age 53
Unit 8, Hingley Road Halesowen, B63 2RR
Notified 14/09/2021
Mrs Ayla Cevher Busch Muderris
German · Germany · Age 56
Unit 8, Hingley Road Halesowen, B63 2RR
Notified 14/09/2021
Former PSCs
Seafox Vfe 2 Limited
Ceased 04/08/2021
Busch (Uk) Limited
Ceased 14/09/2021
Charges0 outstanding
SANTANDER UK PLC.
MEIF WM DEBT LP ACTING BY ITS GENERAL PARTNER MAVEN MEIF (WM) GP (ONE) LIMITED
SANTANDER UK PLC
SANTANDER UK PLC
SANTANDER UK PLC
MIDLAND BANK PLC
CompanyRankvs 25+ SIC 28210 peers65
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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
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 directors with respect to going concern are d
Key FinancialsYear ending 31/12/2020
Turnover
£8.9M
Annual revenue
Net Worth
£402k
Balance sheet strength
Cash
£855k
Cash in the bank
Profit Before Tax
-£1.7M
Bottom line earnings
Net Current Assets
£211k
Working capital
Current Assets
£11.4M
Current Liabilities
£11.1M
Fixed Assets
£1.2M
Debtors
£7.9M
Cost of Sales
£7.4M
Gross Profit
£1.5M
Admin Expenses
£3.4M
Operating Profit
-£1.5M
Profit After Tax
-£1.4M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2020 | 1.02 | -£1.4M |
| 2019 | 1.14 | — |
Derived from filed accounts. Not audited figures.