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Siderise Insulation Limited

02370350

active
ltd
england wales
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

Siderise Forge Industrial Estate, Nantyfyllon, Maesteg, CF34 0AH
Incorporated 10/04/1989

Previously known as

Siderise (Western) Limited · until 30/12/2004

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/04/2026

Due 19/04/2027

On track

Industry

32990
Other manufacturing

Officers

Mr Adam Marc Turk

director · Since 14/12/2020

CHIEF EXECUTIVE OFFICER

BRITISH · ENGLAND · Age 62

Also on 9 other boards

Mr Graham John Laws

director · Since 14/12/2020

TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 50

Mr Tony Michael Ryan

director · Since 15/11/2022

COMPANY DIRECTOR

IRISH · IRELAND · Age 39

Also on 3 other boards

Mr Mark James Hendy

director · Since 19/09/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Mr Richard Anthony Vidler

director · Since 19/09/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 2 other boards

Mr Gavin Ian Rees

director · Since 19/09/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 3 other boards

David Ladd

director · Since 29/09/2025

CFO

BRITISH · UNITED KINGDOM · Age 61

Also on 8 other boards

Adam Marc Turk

director · Since 14/12/2020

British · England · Age 62

Graham John Laws

director · Since 14/12/2020

British · England · Age 50

Tony Michael Ryan

director · Since 15/11/2022

Irish · Ireland · Age 39

Mark James Hendy

director · Since 19/09/2023

British · United Kingdom · Age 41

Gavin Ian Rees

director · Since 19/09/2023

British · United Kingdom · Age 49

David Ladd

director · Since 29/09/2025

British · United Kingdom · Age 61

Former

Anthony Rowden James

director · Resigned 17/04/2018

Stephen William Bond

director · Resigned 25/06/2019

Leigh Graham Palmer

director · Resigned 25/06/2019

Leigh Graham Palmer

secretary · Resigned 25/06/2019

Christopher Hall

director · Resigned 05/04/2020

Antony Rowden James

director · Resigned 31/12/2020

Thomas Antony James

director · Resigned 07/02/2022

Christopher Pavett

director · Resigned 28/02/2023

Stephen Charles Swales

director · Resigned 31/03/2025

Michael Damien Holton

director · Resigned 29/09/2025

Richard Anthony Vidler

director · Resigned 31/05/2026

Persons with Significant Control

Siderise (Holdings) Limited

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

Bathurst House, 50 Bathurst Walk, Iver, SL0 9BH

Reg: 02395079 · England And Wales · Limited

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 31/03/2026Registered 01/04/2026
Charge
outstanding

HSBC UK BANK PLC

Created 13/05/2025Registered 14/05/2025
Charge
outstanding

HSBC UK BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES (SECURITY AGENT)

Created 25/06/2019Registered 27/06/2019

Change History

statusactive
2026-06-17

Active

typeltd
2026-06-17

Private Limited Company

address line1Siderise Forge Industrial Estate
2026-06-17

SIDERISE FORGE INDUSTRIAL ESTATE

post townMaesteg
2026-06-17

MAESTEG

CompanyRankvs 64+ SIC 32990 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.53× · 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 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£51.9M

Balance sheet strength

Cash

£5.0M

Cash in the bank

Profit Before Tax

£12.4M

Bottom line earnings

Net Current Assets

£48.1M

Working capital

Current Assets

£61.7M

Current Liabilities

£13.6M

Fixed Assets

£4.7M

Debtors

£54.9M

Cost of Sales

£18.1M

Admin Expenses

£10.0M

Profit After Tax

£9.0M

143avg. employees+12

Tax at Year End

Corp tax£0

People Costs

Wages & salaries£7.5M

Balance Sheet

Intangible assets£1.4M
Assets less current liabilities£52.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20244.53+£9.0M
20234.00

Derived from filed accounts. Not audited figures.