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Verulam Engineering Limited

02438193

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 9 OXEN INDUSTRIAL ESTATE, LUTON, LU2 0DX
Incorporated 31/10/1989

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

25620
Machining
25990
Manufacture of other fabricated metal products

Officers

Robert Edward Taylor

director · Since 31/10/1991

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Mr Peter Bryan Taylor

director · Since 09/03/2016

ENGINEER

BRITISH · ENGLAND · Age 37

Persons with Significant Control

Robert Edward Taylor

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

British · United Kingdom · Age 64

Unit 9 Oxen Industrial Estate, Oxen Road, Luton, LU2 0DX

Notified 31/10/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/07/2014Registered 02/08/2014
charge
satisfied

NORWICH AND PETERBOROUGH BUILDING SOCIETY

Created 01/07/2011Registered 16/07/2011Satisfied 06/08/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 07/05/1992Registered 12/05/1992Satisfied 10/08/2011

CompanyRankvs 1220+ SIC 25620 peers
52

Financial strength60th percentile among SIC peers · 15/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.79× · 6/20
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 strength15/25 pts

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

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 31/12/2024

Net Worth

£151k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£46k

Working capital

Current Assets

£171k

Current Liabilities

£217k

Fixed Assets

£315k

11avg. employees-1

Balance Sheet

Assets less current liabilities£269k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.79+£14k
20230.61+£10k
20220.86+£237
20211.24-£21k
20201.18+£2k
20190.42-£14k
20180.48

Derived from filed accounts. Not audited figures.