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Securit System Limited

02061258

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
60 / 100

Some Concerns

30/30
Filing
10/30
Financial
20/40
Risk
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)

Details

C/O AFE ACCOUNTANTS LIMITED BUILDING 3, OAKLEIGH ROAD SOUTH, N11 1GN
Incorporated 03/10/1986

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/12/2025

Due 14/01/2027

On track

Industry

31010
Manufacture of office and shop furniture
43290
Other construction installation

Officers

Mr Ross Mullane

director · Since 02/07/2004

MANUFACTURING

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Grant Mullane

secretary · Since 03/01/2006

ACCOUNTANT

BRITISH · Age 49

Persons with Significant Control

Mr Grant Mullane

25–50% shares

British · England · Age 49

C/O Afe Accountants Limited, Building 3, Oakleigh Road South, N11 1GN

Notified 30/12/2016

Mrs Sarah Morgan

25–50% shares

British · United Kingdom · Age 57

C/O Afe Accountants Limited, Building 3, Oakleigh Road South, N11 1GN

Notified 31/12/2016

Mr Ross Mullane

25–50% shares

British · United Kingdom · Age 54

C/O Afe Accountants Limited, Building 3, Oakleigh Road South, N11 1GN

Notified 31/12/2016

Insolvency History1 case

corporate voluntary arrangement

Zafar Iqbal (practitioner)

CompanyRankvs 107+ SIC 31010 peers
68

Financial strength79th percentile among SIC peers · 20/25
Employees51th percentile among SIC peers · 8/15
LiquidityCurrent ratio 4.12× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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107Securit System Limited
78
How is this score calculated?
Financial strength20/25 pts

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

Employees8/15 pts

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

Liquidity20/20 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

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£183k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£184k

Working capital

Current Assets

£243k

Current Liabilities

£59k

2avg. employees

Balance Sheet

Assets less current liabilities£184k
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent RatioImplied Profit
20244.12-£11k
20235.64+£62k
20225.89-£6k
202115.71+£41k
202044.88+£48k
2019120.82+£220k
20180.08-£68k
20170.96—

Derived from filed accounts. Not audited figures.