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Reeling Systems Limited

02512106

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

LAKE HOUSE 2 PORT WAY, PORTSMOUTH, PO6 4TY
Incorporated 15/06/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr James Leigh Boxall

director · Since 02/03/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 1 other board

Persons with Significant Control

Reeling Systems Holdings Limited

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

Lake House, 2 Port Way, Portsmouth, PO6 4TY

Reg: 13045704 · Companies House · Limited Company

Notified 02/03/2021

Former PSCs

Mr Martin Paul Campbell

Ceased 02/03/2021

Mrs Jane Maureen Campbell

Ceased 02/03/2021

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 10/06/1992Registered 25/06/1992Satisfied 26/02/2021

CompanyRankvs 267+ SIC 25620 peers
81

Financial strength86th percentile among SIC peers · 22/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 7.73× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

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

Employees9/15 pts

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

Liquidity20/20 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.

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

£1.2M

Balance sheet strength

Cash

£813k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.2M

Current Liabilities

£153k

Fixed Assets

£231k

Debtors

£91k

5avg. employees+1

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20247.73+£170k
20239.12+£134k
20224.57+£463k
20214.32

Derived from filed accounts. Not audited figures.