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Necessary Manufacturing Limited

02084864

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

NECESSARY MANUFACTURING LTD, WEDNESFIELD WOLVERHAMPTON, WV11 3PY
Incorporated 17/12/1986

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Vincent Stuart Walker

secretary · Since 05/05/2000

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Vincent Stuart Walker

director · Since 05/05/2000

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mark Bennett

director · Since 19/01/2021

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Rakeshbhai Bhakta

director · Since 19/01/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 2 other boards

Persons with Significant Control

Mr Vincent Stuart Walker

25–50% shares

British · England · Age 63

Necessary Manufacturing Ltd, Neachells Lane, Wolverhampton, WV11 3PY

Notified 06/04/2016

Former PSCs

Mr Peter James Walker

Ceased 04/10/2024

Charges1 outstanding

Charge
satisfied

ABN AMRO ASSET BASED FINANCE N.V.

Created 05/11/2021Registered 08/11/2021Satisfied 03/02/2025
charge
outstanding

THE CO-OPERATIVE BANK PLC

Created 05/05/2000Registered 18/05/2000
charge
satisfied

BRIAN MICHAEL COOPER AND DOROTHY COOPER

Created 05/05/2000Registered 11/05/2000Satisfied 02/07/2003
charge
satisfied

VENTURE FINANCE PLC

Created 05/05/2000Registered 10/05/2000Satisfied 03/02/2025
charge
satisfied

MIDLAND BANK PLC

Created 05/11/1987Registered 10/11/1987Satisfied 19/04/2000

CompanyRankvs 184+ SIC 25990 peers
78

Financial strength95th percentile among SIC peers · 24/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.51× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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184Necessary Manufacturing Limited
88
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£3.0M

Balance sheet strength

Cash

£294k

Cash in the bank

Net Current Assets

£2.9M

Working capital

Current Assets

£3.8M

Current Liabilities

£841k

Fixed Assets

£39k

Debtors

£3.3M

27avg. employees-6

Tax at Year End

Corp tax£48k

Balance Sheet

Bank loans & overdrafts£56k
Assets less current liabilities£3.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.51-£87k
20244.42+£420k
20232.29+£1.5M
20221.57+£848k
20211.25-£7k
20201.23-£77k
20191.24—

Derived from filed accounts. Not audited figures.