Binder Limited
02079553
Healthy
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
30/04/2025
full
Next accounts due
31/01/2027
Confirmation statement
Last: 31/12/2025
Due 14/01/2027
Industry
Officers
director · Since 31/12/1992
DIRECTOR SERVICE, TANKER DEPT
BRITISH · ENGLAND · Age 62
Also on 2 other boards
director · Since 31/12/1992
DIRECTOR CONSTRUCTION DEPT
BRITISH · ENGLAND · Age 65
director · Since 31/12/1992
CHAIRMAN
BRITISH · ENGLAND · Age 91
Also on 2 other boards
director · Since 01/05/2014
DIRECTOR SERVICE, TANKER DEPT
BRITISH · UNITED KINGDOM · Age 59
Also on 1 other board
Former
secretary · Resigned 01/05/2004
director · Resigned 30/04/2022
Persons with Significant Control
Charles Wallace Binder
British · England · Age 65
Progress Works, Old Ipswich Road, Ipswich, IP6 0AG
Notified 06/04/2016
Richard John Binder
British · England · Age 62
Progress Works, Old Ipswich Road, Ipswich, IP6 0AG
Notified 06/04/2016
Change History
Active
Private Limited Company
PROGRESS WORKS OLD IPSWICH ROAD
IPSWICH
CompanyRankvs 6064+ SIC 82990 peers76
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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 co
Key FinancialsYear ending 30/04/2025
Turnover
£13.1M
Annual revenue
Net Worth
£6.1M
Balance sheet strength
Cash
£4.1M
Cash in the bank
Profit Before Tax
£1.6M
Bottom line earnings
Net Current Assets
£3.2M
Working capital
Current Assets
£6.9M
Current Liabilities
£3.7M
Fixed Assets
£3.5M
Debtors
£2.2M
Cost of Sales
£8.7M
Gross Profit
£4.5M
Admin Expenses
£2.9M
Operating Profit
£1.6M
Profit After Tax
£1.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.86 | -£756k |
| 2024 | 2.88 | +£713k |
| 2023 | 2.98 | — |
Derived from filed accounts. Not audited figures.