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Laminating Technology Limited

02306840

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 5 ADVANCE FACTORY, KIRKBY IN ASHFIELD, NG17 7JR
Incorporated 18/10/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mrs Elizabeth Teal

director · Since 31/12/1990

CO DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Mikaela Gamble

secretary · Since 27/11/2006

BRITISH · Age 60

Also on 1 other board

Mr Steven Mark Brett

director · Since 01/04/2015

PRODUCTION DIRECTOR

BRITISH · ENGLAND · Age 54

Mrs Mikaela Gamble

director · Since 01/04/2015

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 1 other board

Mr Nicholas Alexander Teal

director · Since 01/04/2015

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 3 other boards

Mr Russell Scott Teal

director · Since 01/04/2015

CO DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Persons with Significant Control

Teal Family Holdings Limited

ownership-of-shares-75-to-100-percent-as-firm
voting-rights-75-to-100-percent-as-firm

Unit 5, Advance Factory, Kirkby In Ashfield, NG17 7JR

Reg: 15155672 · Register Of Companies · Private Limited Company

Notified 06/10/2023

Former PSCs

The Estate Of Raymond Teal

Ceased 17/07/2023

Mr Nicholas Alexander Teal

Ceased 06/10/2023

Mrs Elizabeth Teal

Ceased 17/07/2023

Mr Russell Scott Teal

Ceased 06/10/2023

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/06/1998Registered 03/07/1998Satisfied 12/03/2001

CompanyRankvs 13+ SIC 31090 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.68× · 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 strength25/25 pts

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

Employees15/15 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

can meet its liabilities as they fall due and the Directors have therefore concluded that the re is no material uncertainty, and it is appropriate for the financial statements to be prepared on the going concern basis. Overall, the company 's product range is more exciting and diverse than it has ever been and the expectation is to return to profitab ility in the near future . On beh

Key FinancialsYear ending 31/03/2025

Net Worth

£7.6M

Balance sheet strength

Cash

£471k

Cash in the bank

Profit Before Tax

-£392k

Bottom line earnings

Net Current Assets

£1.6M

Working capital

Current Assets

£2.2M

Current Liabilities

£585k

Fixed Assets

£6.2M

Debtors

£1.3M

Admin Expenses

£1.8M

Profit After Tax

-£310k

73avg. employees-2

Tax at Year End

Dividends paid£170k

People Costs

Wages & salaries£2.1M

Balance Sheet

Assets less current liabilities£7.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20253.68-£672k
20244.37-£652k
20237.73-£1.3M
20227.96+£712k
202116.54

Derived from filed accounts. Not audited figures.