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Primo Manufacturing Limited

02312686

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

UNIT 46, LADY LANE INDUSTRIAL ESTATE, IPSWICH, IP7 6BQ
Incorporated 03/11/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20590
Manufacture of other chemical products

Officers

Mrs Edwina Laurie Burchell

director · Since 03/11/1991

DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 2 other boards

Mr Graham Burchell

director · Since 03/11/1991

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 2 other boards

Mr Edward Lawrence Burchell

director · Since 16/04/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 2 other boards

Mr Daniel Duncan

director · Since 01/04/2024

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 42

Persons with Significant Control

Challs International Group Limited

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

Unit 46, Lady Lane Industrial Estate, Ipswich, IP7 6BQ

Reg: 11716061 · Companies House · Limited Company

Notified 01/07/2019

Former PSCs

Mr Graham Burchell

Ceased 01/07/2019

Mrs Edwina Laurie Burchell

Ceased 01/07/2019

Charges5 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 04/12/2023Registered 12/12/2023
Charge
outstanding

HSBC BANK PLC

Created 20/04/2017Registered 21/04/2017
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 13/07/2016Registered 13/07/2016
Charge
outstanding

HSBC BANK PLC

Created 05/05/2016Registered 05/05/2016
Charge
outstanding

HSBC BANK PLC

Created 03/05/2016Registered 05/05/2016
Charge
satisfied

HSBC BANK PLC

Created 03/05/2016Registered 05/05/2016Satisfied 24/10/2024
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/12/2007Registered 19/12/2007Satisfied 09/08/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/08/2007Registered 29/08/2007Satisfied 09/08/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/09/2006Registered 13/09/2006Satisfied 04/08/2016
charge
satisfied

LLOYDS TSB BANK PLC

Created 29/03/2006Registered 08/04/2006Satisfied 09/05/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 29/03/2006Registered 04/04/2006Satisfied 11/10/2007
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 05/09/2005Registered 06/09/2005Satisfied 09/05/2008
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 01/10/2002Registered 04/10/2002Satisfied 13/09/2006
charge
satisfied

LLOYDS BANK PLC

Created 19/10/1998Registered 03/11/1998Satisfied 09/05/2008

CompanyRankvs 40+ SIC 20590 peers
67

Financial strength93th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.47× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

forecasts and having regard to the resources available to the company and the wider group, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual reports and accounts. 2.3 Foreign currency translation Functional and presentation currency The Company 's functional and presentational currency is GBP . T

Key FinancialsYear ending 31/12/2023

Net Worth

£4.6M

Balance sheet strength

Cash

£25k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.9M

Current Liabilities

£1.2M

Fixed Assets

£3.8M

Debtors

£2.4M

39avg. employees-5

Tax at Year End(2020)

Corp tax£243k

Balance Sheet

Bank loans & overdrafts£18k
Assets less current liabilities£5.5M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20232.47+£291k
20202.72+£1.4M
20195.04—

Derived from filed accounts. Not audited figures.