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Cobra Precision Engineering Limited

02443466

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 26, WATERLOOVILLE, PO7 7XJ
Incorporated 16/11/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Simon Christopher Stevens

secretary · Since 19/03/2003

BRITISH · ENGLAND · Age 56

Also on 1 other board

Mr Simon Christopher Stevens

director · Since 19/03/2003

ENGINEER

BRITISH · UNITED KINGDOM · Age 56

Also on 1 other board

Persons with Significant Control

Cobra Precision Engineering Holdings Limited

75–100% shares

Unit 26, Aston Road, Waterlooville, PO7 7XJ

Reg: 11153783 · Companies House · Private Limited Company

Notified 26/10/2023

Former PSCs

Mr Simon Stevens

Ceased 26/10/2023

Charges1 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 07/04/2011Registered 14/04/2011
charge
satisfied

JOHN GRANGE BRUNDRIT

Created 12/08/1994Registered 17/08/1994Satisfied 26/06/2010
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 14/09/1990Registered 19/09/1990Satisfied 26/06/2010

CompanyRankvs 1092+ SIC 25620 peers
55

Financial strength68th percentile among SIC peers · 17/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.93× · 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 strength17/25 pts

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

Employees12/15 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 30/11/2024

Net Worth

£285k

Balance sheet strength

Cash

£23k

Cash in the bank

Net Current Assets

-£22k

Working capital

Current Assets

£305k

Current Liabilities

£327k

Fixed Assets

£490k

Debtors

£232k

13avg. employees+5

Tax at Year End

Corp tax£13k

Balance Sheet

Bank loans & overdrafts£28k
Assets less current liabilities£468k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.93+£1k
20231.16+£98k
20221.02+£16k
20211.34

Derived from filed accounts. Not audited figures.