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Berger Closures Limited

02280231

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

5 DOXFORD DRIVE, PETERLEE, SR8 2RL
Incorporated 26/07/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25940
Manufacture of fasteners and screw machine products

Officers

Mr Christoph Alexander Petri

director · Since 20/04/2017

DIRECTOR

GERMAN · GERMANY · Age 45

Mr Duncan Clive Hedley

director · Since 05/08/2024

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 58

Mr Michael Krug

director · Since 05/08/2024

MANAGING DIRECTOR

GERMAN · GERMANY · Age 61

Persons with Significant Control

Ringmetall Ag

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

Og 4, Mannhardtstrasse 6, 80538 Munchen

Notified 01/07/2016

Charges0 outstanding

charge
satisfied

BARCLAYS BANK PLC

Created 30/06/1993Registered 07/07/1993Satisfied 26/02/2020

CompanyRankvs 30+ SIC 25940 peers
74

Financial strength85th percentile among SIC peers · 21/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.97× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 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

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

Going Concern Doubt

variation. However, based on the factors set out above the directors believe that there is no material uncertainty in relation to going concern and that the company has adequate financial resources to continue in operational existence for at least twelve months from the date of signing the financial statements and therefore the directors bel

Key FinancialsYear ending 31/12/2021

Turnover

£4.5M

Annual revenue

Net Worth

£1.2M

Balance sheet strength

Cash

£721k

Cash in the bank

Profit Before Tax

£1.4M

Bottom line earnings

Net Current Assets

£1.6M

Working capital

Current Assets

£2.3M

Current Liabilities

£788k

Fixed Assets

£340k

Debtors

£976k

Cost of Sales

£2.5M

Gross Profit

£2.0M

Admin Expenses

£717k

Operating Profit

£1.4M

Profit After Tax

£1.1M

24avg. employees

Tax at Year End

Dividends paid-£673k

People Costs

Wages & salaries£748k
NI contributions£70k

Balance Sheet

Assets less current liabilities£1.9M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20212.97

Derived from filed accounts. Not audited figures.