Summit Systems Limited
02489937
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Previously known as
Compliance
Last accounts
31/07/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 06/04/2026
Due 20/04/2027
Industry
Officers
secretary · Since 16/05/2014
Former
secretary · Resigned 30/09/2005
director · Resigned 30/11/2010
director · Resigned 31/07/2012
director · Resigned 31/03/2013
director · Resigned 16/05/2014
secretary · Resigned 16/05/2014
director · Resigned 31/03/2017
director · Resigned 26/01/2022
director · Resigned 12/06/2025
director · Resigned 30/08/2025
Persons with Significant Control
Mr Michael Charles Jordan
British · United Kingdom · Age 67
Unit F Tame Park, Tamworth, B77 5DY
Notified 06/04/2016
Former PSCs
Mr Christopher Crittenden
Ceased 02/05/2025
Mr Alexander Fleming Mcnee
Ceased 02/05/2025
Mrs Katherine Sarah Ellis
Ceased 02/05/2025
Merebeck Limited
Ceased 29/10/2024
Charges2 outstanding
LLOYDS TSB COMMERCIAL FINANCE LIMITED
LLOYDS TSB BANK PLC
LLOYDS BANK PLC
Change History
Active
Private Limited Company
UNIT F TAME PARK
TAMWORTH
CompanyRankvs 759+ SIC 25990 peers65
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/07/2024
Turnover
£17.0M
Annual revenue
Net Worth
£3.6M
Balance sheet strength
Cash
£1.7M
Cash in the bank
Profit Before Tax
£843k
Bottom line earnings
Net Current Assets
£3.5M
Working capital
Current Assets
£8.2M
Current Liabilities
£4.7M
Fixed Assets
£397k
Debtors
£4.2M
Cost of Sales
£12.5M
Gross Profit
£4.4M
Admin Expenses
£3.6M
Operating Profit
£852k
Profit After Tax
£678k
Tax at Year End
Director Loans(2022)
People Costs(2016)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.75 | +£345k |
| 2023 | 1.60 | +£457k |
| 2022 | 1.47 | -£129k |
| 2021 | 1.45 | +£386k |
| 2020 | 1.44 | +£1.1M |
| 2019 | 1.26 | +£521k |
| 2018 | 1.16 | -£185k |
| 2016 | 1.27 | — |
Derived from filed accounts. Not audited figures.