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Silver Knitting Machines Ltd.

02558902

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

ATLANTA HOUSE, JOHN WHITE BUSINESS CENTRE MIDLAND ROAD, RUSHDEN, NN10 8DN
Incorporated 15/11/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46640
Wholesale of machinery for the textile industry and of sewing and knitting machines

Officers

Frank Raymond Langley

director · Since 06/05/2009

LEATHER MERCHANT

BRITISH · ENGLAND · Age 75

Also on 1 other board

Frank Raymond Langley

secretary · Since 01/12/2009

BRITISH

Also on 1 other board

Persons with Significant Control

Frank Raymond Langley

50–75% shares
50–75% votes
Appoint directors

British · England · Age 75

Lymington House, 4, Cemetery Lane, Rushden, NN10 8DR

Notified 06/04/2016

Former PSCs

Mr William George Kimberley

Ceased 14/09/2022

Charges2 outstanding

charge
outstanding

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)

Created 14/03/2012Registered 15/03/2012
charge
outstanding

HSBC BANK PLC

Created 01/09/2003Registered 03/09/2003
charge
satisfied

TERENCE ROBERT CAWTHORNE & THELMA ELIZABETH CAWTHORNE

Created 20/07/2001Registered 24/07/2001Satisfied 06/07/2006
charge
satisfied

GARRY LANCE CARTER

Created 10/05/2001Registered 12/05/2001Satisfied 17/07/2002
charge
satisfied

BARCLAYS BANK PLC

Created 07/12/1999Registered 14/12/1999Satisfied 24/10/2009
charge
satisfied

WILLIAM GEORGE KIMBERLEY

Created 26/11/1997Registered 09/12/1997Satisfied 06/07/2006
charge
satisfied

WINIFRED ROSEMARY SHEATH

Created 26/11/1997Registered 09/12/1997Satisfied 06/07/2006
charge
satisfied

KENNETH DAVID FOY

Created 26/11/1997Registered 09/12/1997Satisfied 25/05/2000
charge
satisfied

TERENCE NELSON BOSWOOD

Created 26/11/1997Registered 09/12/1997Satisfied 06/07/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/08/1994Registered 31/08/1994Satisfied 28/04/2001

CompanyRankvs 15+ SIC 46640 peers
78

Financial strength94th percentile among SIC peers · 24/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.85× · 20/20
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 strength24/25 pts

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

Employees14/15 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.

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 31/12/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£2.2M

Current Liabilities

£773k

Fixed Assets

£19k

Debtors

£461k

7avg. employees

Tax at Year End

Corp tax£96k

Balance Sheet

Assets less current liabilities£1.4M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20242.85+£292k
20232.92+£227k
20221.90—

Derived from filed accounts. Not audited figures.