Danfoss Power Solutions Limited
02179360
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/10/2017
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 58
Also on 8 other boards
Persons with Significant Control
Former PSCs
Danfoss A/S
Ceased 01/09/2021
Charges0 outstanding
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CompanyRankvs 57+ SIC 82990 peers80
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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
the business over the next twelve months, based on the existing cash position and the scenarios analysis stated above, management concludes that there is no material uncertainty associated with the going concern. Future developments It is the board's intention to continue acting as Sales and Marketing division on behalf of Danfoss A/S in the UK and Eire for Danfoss products manufactured globally.
Key FinancialsYear ending 31/12/2020
Turnover
£18.3M
Annual revenue
Net Worth
£7.0M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£638k
Bottom line earnings
Net Current Assets
£5.2M
Working capital
Current Assets
£6.2M
Current Liabilities
£955k
Fixed Assets
£3k
Debtors
£2.1M
Cost of Sales
£16.3M
Gross Profit
£2.0M
Admin Expenses
£2.3M
Operating Profit
£579k
Profit After Tax
£506k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 6.46 |
Derived from filed accounts. Not audited figures.