Back to search

Able Engineering Limited

02192690

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

1 HAMLIN WAY, KING'S LYNN, PE30 4NG
Incorporated 12/11/1987

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 16/07/2026

Due 30/07/2027

On track

Industry

25620
Machining

Officers

Mr Gordon James Foreman

director · Since 13/02/1992

GENERAL ENGINEER

BRITISH · ENGLAND · Age 79

Ian Foreman

secretary · Since 30/06/2004

BRITISH · ENGLAND · Age 77

Also on 1 other board

Persons with Significant Control

Mr Gordon James Foreman

25–50% shares
25–50% votes

British · England · Age 79

1, Hamlin Way, King's Lynn, PE30 4NG

Notified 20/08/2024

Mr Ian Andrew Foreman

25–50% shares
25–50% votes

British · England · Age 77

1, Hamlin Way, King's Lynn, PE30 4NG

Notified 04/09/2026

Former PSCs

Mr Gordon James Foreman

Ceased 20/08/2024

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 27/04/1992Registered 05/05/1992
charge
outstanding

BARCLAYS BANK PLC

Created 19/01/1988Registered 28/01/1988

CompanyRankvs 318+ SIC 25620 peers
70

Financial strength73th percentile among SIC peers · 18/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.15× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength18/25 pts

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

Employees12/15 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 31/12/2025

Net Worth

£406k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£179k

Working capital

Current Assets

£336k

Current Liabilities

£156k

Fixed Assets

£237k

12avg. employees-1

Balance Sheet

Assets less current liabilities£416k
Signed by 4 ABLE ENGINEERING LIMITEDPrepared with TinyTax

EstimatesDerived

YearCurrent RatioImplied Profit
20252.15+£60k
20242.04+£23k
20231.84—

Derived from filed accounts. Not audited figures.