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Overnite Bearings Limited

01965555

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

SUITE 2C, BROSNAN HOUSE, POTTERS BAR, EN6 1BW
Incorporated 27/11/1985

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Stuart Vincent Cove

director · Since 08/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 12 other boards

Mr Lee Benjamin

director · Since 28/10/2020

ACCOUNTANT

BRITISH · ENGLAND · Age 68

Also on 2 other boards

Persons with Significant Control

Ms Molly Mae Cove

50–75% shares

British · England · Age 32

Suite 2c, Brosnan House, 175, Darkes Lane, Potters Bar, EN6 1BW

Notified 01/07/2022

Former PSCs

Mr Robert Keith Pettyfer

Ceased 04/09/2020

Royce Power Transmissions Limited

Ceased 10/04/2018

Lanvin Trading Limited

Ceased 01/07/2022

Charges3 outstanding

charge
outstanding

MIDLAND BANK PLC

Created 10/08/1995Registered 15/08/1995
charge
outstanding

MIDLAND BANK PLC

Created 09/06/1989Registered 27/06/1989
charge
outstanding

MIDLAND BANK PLC

Created 10/10/1986Registered 17/10/1986

CompanyRankvs 4477+ SIC 46900 peers
61

Financial strength66th percentile among SIC peers · 17/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.01× · 12/20
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 strength17/25 pts

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

Employees12/15 pts

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

Liquidity12/20 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 28/02/2025

Net Worth

£13k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

£13k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.9M

Debtors

£1.9M

Profit After Tax

£11k

3avg. employees+1

Tax at Year End

Corp tax£3k

Balance Sheet

Assets less current liabilities£13k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.01+£11k
20241.01+£19k
20231.01-£843
20221.72-£2k
20212.18-£349k
202024.22-£12k
20190.04

Derived from filed accounts. Not audited figures.