Retec Machine Tools Limited
02567683
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/12/1991
MACHINE TOOLS FITTER
BRITISH · UNITED KINGDOM · Age 58
Also on 1 other board
Persons with Significant Control
Mr Steven Mark Cockerill
British · United Kingdom · Age 58
17, Spinney Drive, Northampton, NN4 0NG
Notified 11/12/2016
Charges2 outstanding
LLOYDS TSB BANK PLC
LLOYDS BANK PLC
CompanyRankvs 410+ SIC 28490 peers27
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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
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
-£326k
Balance sheet strength
Cash
£160
Cash in the bank
Net Current Assets
-£312k
Working capital
Current Assets
£28k
Current Liabilities
£340k
Fixed Assets
£1k
Debtors
-£27k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.08 | -£51k |
| 2023 | 0.12 | -£72k |
| 2022 | 0.25 | -£37k |
| 2021 | 0.29 | +£455 |
| 2020 | 0.48 | -£12k |
| 2019 | 0.50 | +£22k |
| 2018 | 0.45 | +£14k |
| 2017 | 0.44 | — |
Derived from filed accounts. Not audited figures.