Nautic Steels Limited
02302004
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
28/02/2025
small
Next accounts due
30/11/2026
Confirmation statement
Last: 21/07/2025
Due 04/08/2026
Industry
Officers
director · Since 07/03/2012
FINANCE MANAGER
MALAYSIAN · MALAYSIA · Age 51
Also on 1 other board
Persons with Significant Control
Nautic Steels (Holdings) Limited
One Eleven, Edmund Street, Birmingham, B3 2HJ
Reg: 01352612 · Company Register Of England And Wales · Limited Company
Notified 06/04/2016
Charges1 outstanding
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CompanyRankvs 620+ SIC 24200 peers65
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform
Key FinancialsYear ending 29/02/2020
Turnover
£4.6M
Annual revenue
Net Worth
£2.9M
Balance sheet strength
Cash
£378k
Cash in the bank
Profit Before Tax
-£289k
Bottom line earnings
Net Current Assets
—
Working capital
Current Assets
£6.5M
Current Liabilities
£3.5M
Debtors
£654k
Cost of Sales
£3.5M
Gross Profit
£1.1M
Admin Expenses
£1.3M
Operating Profit
-£289k
Profit After Tax
-£289k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 1.83 |
Derived from filed accounts. Not audited figures.