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Armco Distribution Limited

02469697

active
Private Limited Company
Companies House
Health Score
62 / 100

Some Concerns

30/30
Filing
0/30
Financial
32/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

28-30 GRANGE ROAD WEST,, MERSEYSIDE, CH41 4DA
Incorporated 13/02/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Ian David Turner

director · Since 31/01/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 9 other boards

Mark Lyndon Pennington

director · Since 01/08/1999

FACTORY MANAGER

BRITISH · ENGLAND · Age 54

Mr Ian David Turner

secretary · Since 01/08/2000

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 9 other boards

Mr Colin Mclean

director · Since 02/12/2024

OFFICE MANAGER

BRITISH · UNITED KINGDOM · Age 45

Persons with Significant Control

Mr Ian David Turner

75–100% shares

British · United Kingdom · Age 64

28-30 Grange Road West,, Merseyside, CH41 4DA

Notified 06/04/2016

Charges4 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/03/1998Registered 10/03/1998
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/11/1997Registered 11/11/1997
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 28/10/1997Registered 03/11/1997
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 13/02/1997Registered 25/02/1997

CompanyRankvs 2610+ SIC 31090 peers
42

Financial strength17th percentile among SIC peers · 4/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2610Armco Distribution Limited
48
How is this score calculated?
Financial strength4/25 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 31/03/2025

Net Worth

-£4k

Balance sheet strength

Cash

£26

Cash in the bank

Net Current Assets

-£100k

Working capital

Current Assets

£190k

Current Liabilities

£290k

Fixed Assets

£183k

Debtors

£36k

5avg. employees-1

Balance Sheet

Assets less current liabilities£83k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20250.66-£5k
20240.69-£18k
20230.83+£22k
20220.95+£24k
20210.89—

Derived from filed accounts. Not audited figures.