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Romar Innovate Limited

02129067

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

2 LECONFIELD INDUSTRIAL ESTATE, CLEATOR MOOR, CA25 5QB
Incorporated 07/05/1987

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/02/2026

Due 22/02/2027

On track

Industry

14120
Manufacture of workwear
22290
Manufacture of other plastic products
32990
Other manufacturing
46420
Wholesale of clothing and footwear

Officers

Mr Grattan Henry Boylan

director · Since 02/11/2016

DIRECTOR

IRISH · IRELAND · Age 54

Also on 5 other boards

Declan Patrick O'Donnell

director · Since 02/11/2016

DIRECTOR

IRISH · IRELAND · Age 57

Mr Grattan Boylan

secretary · Since 21/02/2020

Persons with Significant Control

James Boylan (Ni) Ltd

75–100% shares

50, Campsie Road, Omagh, BT79 0AG

Reg: Ni004135 · Northern Ireland · Company

Notified 06/01/2025

Mr Grattan Boylan

25–50% shares
25–50% votes

Irish · Ireland · Age 54

2, Leconfield Industrial Estate, Cleator Moor, CA25 5QB

Notified 06/01/2025

Former PSCs

Mr John Dalzell Rowlands

Ceased 02/11/2016

Mrs Linda Rowlands

Ceased 02/11/2016

Charges1 outstanding

Charge
outstanding

THE GOVERNOR & COMPANY OF THE BANK OF IRELAND (AS SECURITY TRUSTEE)

Created 22/09/2017Registered 06/10/2017
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 13/01/1998Registered 23/01/1998Satisfied 19/05/2017

CompanyRankvs 11+ SIC 14120 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 6.24× · 20/20
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 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 31/12/2022

Net Worth

£2.9M

Balance sheet strength

Cash

£114k

Cash in the bank

Profit Before Tax

£465k

Bottom line earnings

Net Current Assets

£3.3M

Working capital

Current Assets

£4.0M

Current Liabilities

£639k

Fixed Assets

£9k

Debtors

£3.3M

15avg. employees

Tax at Year End

Corp tax£88k

Balance Sheet

Assets less current liabilities£3.4M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20226.24+£377k
20216.63+£522k
20202.69+£238k
20192.56+£998k
20181.55—

Derived from filed accounts. Not audited figures.