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Unitspark Limited

02175157

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT K LAMBS FARM BUSINESS PARK, SWALLOWFIELD READING, RG7 1PQ
Incorporated 07/10/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Ian Gordon Wallace

director · Since 14/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 62

Persons with Significant Control

Ian Gordon Wallace

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 62

Unit K, Lambs Farm Business Park, Swallowfield Reading, RG7 1PQ

Notified 01/01/2019

Former PSCs

Mr Robert Peter Horne

Ceased 01/01/2019

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 08/09/2023Registered 12/09/2023
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/02/2013Registered 22/02/2013Satisfied 11/05/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 01/07/1994Registered 07/07/1994Satisfied 11/05/2022

CompanyRankvs 951+ SIC 25990 peers
59

Financial strength98th percentile among SIC peers · 25/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 2.47× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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951Unitspark Limited
79
How is this score calculated?
Financial strength25/25 pts

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

Employees4/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

Thus they continue to adopt a going concern basis in preparing the financial statements. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

£6.1M

Balance sheet strength

Cash

£4.8M

Cash in the bank

Profit Before Tax

£2.8M

Bottom line earnings

Net Current Assets

£5.6M

Working capital

Current Assets

£9.5M

Current Liabilities

£3.9M

Fixed Assets

£524k

Debtors

£4.7M

Admin Expenses

£4.2M

Profit After Tax

£2.1M

1avg. employees-42

Tax at Year End

Corp tax£394k
Dividends paid£175k

People Costs

Wages & salaries£5.6M

Balance Sheet

Intangible assets£44k
Bank loans & overdrafts£306k
Assets less current liabilities£6.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.47+£1.9M
20232.39+£2.4M
20221.37—

Derived from filed accounts. Not audited figures.