Martin Drake Engineering Limited
02444085
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 17/11/1991
DIRECTOR
BRITISH · UNITED KINGDOM · Age 70
Also on 1 other board
Persons with Significant Control
Mrs Barbara Drake
British · England · Age 69
10, Cottingvale, Morpeth, NE61 1DW
Notified 06/04/2016
Mr Martin Drake
British · England · Age 70
10, Cottingvale, Morpeth, NE61 1DW
Notified 06/04/2016
CompanyRankvs 938+ SIC 71129 peers83
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
£264k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£257k
Working capital
Current Assets
£255k
Current Liabilities
£286
Fixed Assets
£8k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 891.34 | -£5k |
| 2024 | 1640.77 | -£8k |
| 2023 | 168.22 | -£17k |
| 2022 | 2224.13 | -£19k |
| 2021 | 59.52 | -£10k |
| 2020 | 43.37 | -£37k |
| 2019 | 17.87 | — |
Derived from filed accounts. Not audited figures.