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Turnshred Limited

01981471

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

11 ROMAN WAY BUSINESS CENTRE, DROITWICH SPA, WR9 9AJ
Incorporated 23/01/1986

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46180
Agents specialised in the sale of other particular products
46620
Wholesale of machine tools

Officers

Mr Paul Denton

director · Since 06/09/1990

ENGINEER

BRITISH · UNITED KINGDOM · Age 70

Also on 2 other boards

Diane Fisher

secretary · Since 04/12/2007

BRITISH · Age 67

Persons with Significant Control

Mr Paul Denton

75–100% shares
75–100% votes

British · United Kingdom · Age 70

Birchwood Close, Forest Vale Industrial Estate, Cinderford, GL14 2PH

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

TRUSTEES OF THE TURNSHRED LTD RETIREMENT BENEFIT SCHEME (1995)

Created 23/07/2009Registered 25/07/2009
charge
satisfied

MIDLAND BANK PLC

Created 17/04/1986Registered 21/04/1986

CompanyRankvs 15+ SIC 46180 peers
26

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.79× · 6/20
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 strength0/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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 31/03/2023

Net Worth

-£91k

Balance sheet strength

Cash

£51k

Cash in the bank

Net Current Assets

-£79k

Working capital

Current Assets

£296k

Current Liabilities

£375k

Fixed Assets

£40k

Debtors

£98k

9avg. employees-1

Balance Sheet

Assets less current liabilities-£39k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.79-£22k
20220.90-£94k
20211.48-£97k
20201.40-£21k
20191.54+£56k
20171.62

Derived from filed accounts. Not audited figures.