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Foremost Packaging Ltd

02422231

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

1 KEMMINGS CLOSE, PAIGNTON, TQ4 7TW
Incorporated 13/09/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22220
Manufacture of plastic packing goods

Officers

Stuart Burgin

secretary · Since 30/09/2016

Mr Stuart James Burgin

director · Since 30/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 16 other boards

Mrs Yvonne Sandra Burgin

director · Since 19/05/2022

MANAGEMENT ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 56

Also on 2 other boards

Persons with Significant Control

Bfp Holdings Limited

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

1 Kemmings Close, Paignton, TQ4 7TW

Reg: 06779859 · Companies House · Ltd

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 25/02/2021Registered 03/03/2021
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 07/02/2017Registered 07/02/2017
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/11/2003Registered 25/11/2003Satisfied 11/08/2005
charge
satisfied

M.BUTLER,D.L.REEVES,D.R.NEWTON,G.S.INGLIS

Created 22/04/1992Registered 09/05/1992Satisfied 11/08/2005
charge
satisfied

TSB BANK PLC

Created 27/01/1992Registered 30/01/1992Satisfied 11/08/2005
charge
satisfied

M BUTLER · D R NEWTON · D L REEVES

Created 14/05/1991Registered 28/05/1991Satisfied 09/05/1992
charge
satisfied

MIDLAND BANK PLC

Created 29/03/1990Registered 17/04/1990Satisfied 28/01/1993
charge
satisfied

WOOLWICH EQUITABLE BUILDING SOCIETY

Created 14/11/1989Registered 25/11/1989Satisfied 11/08/2005
charge
satisfied

WOOLWICH EQUITABLE BUILDING SOCIETY

Created 14/11/1989Registered 25/11/1989Satisfied 11/08/2005
charge
satisfied

MIDLAND BANK PLC

Created 14/11/1989Registered 15/11/1989Satisfied 28/01/1993

CompanyRankvs 85+ SIC 22220 peers
68

Financial strength74th percentile among SIC peers · 19/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.91× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength19/25 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.

Liquidity16/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

£651k

Balance sheet strength

Cash

£211k

Cash in the bank

Net Current Assets

£591k

Working capital

Current Assets

£1.2M

Current Liabilities

£649k

Fixed Assets

£122k

Debtors

£811k

20avg. employees-2

Balance Sheet

Bank loans & overdrafts£27k
Assets less current liabilities£713k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.91+£67k
20232.05-£130k
20222.10+£38k
20212.55+£60k
20202.28+£3k
20191.67+£64k
20181.73

Derived from filed accounts. Not audited figures.