Back to search

Industrial Physics Product Integrity Limited

02591191

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

17 THAME PARK BUSINESS CENTRE, WENMAN ROAD, THAME, OX9 3XA
Incorporated 13/03/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities

Officers

Mr Leigh Kelly Butler

director · Since 01/10/2021

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 1 other board

Mr John Russell Weyers

director · Since 23/02/2024

CHIEF FINANCIAL OFFICER

AMERICAN · UNITED STATES · Age 41

Also on 6 other boards

Persons with Significant Control

Kkr & Co Inc

75–100% shares
75–100% votes

30, 30 Hudson Yards, New York

Reg: 6284582 · Nyse · Limited Company

Notified 19/07/2023

Former PSCs

Peter Mcguire

Ceased 19/07/2023

Morgan Jones

Ceased 19/07/2023

University Of Texas Endowment

Ceased 12/03/2017

Charges1 outstanding

Charge
outstanding

ALTER DOMUS (US) LLC AS COLLATERAL AGENT

Created 20/12/2023Registered 21/12/2023
Charge
satisfied

SOUND POINT AGENCY LLC

Created 03/02/2022Registered 07/02/2022Satisfied 02/08/2023
Charge
satisfied

CVC CREDIT PARTNERS, LLC

Created 26/06/2020Registered 30/06/2020Satisfied 02/08/2023
Charge
satisfied

CVC CREDIT PARTNERS U.S. DIRECT LENDING FUND II (RN) L.P.

Created 31/10/2018Registered 13/11/2018Satisfied 02/08/2023
Charge
satisfied

CVC CREDIT PARTNERS U.S. DIRECT LENDING FUND II (RN) L.P.

Created 31/10/2018Registered 13/11/2018Satisfied 02/08/2023
Charge
satisfied

CVC CREDIT PARTNERS U.S. DIRECT LENDING FUND II (RN) L.P.

Created 31/10/2018Registered 08/11/2018Satisfied 02/08/2023
Charge
satisfied

TPG SPECIALTY LENDING, INC.

Created 23/10/2017Registered 31/10/2017Satisfied 08/12/2021
Charge
satisfied

TPG SPECIALTY LENDING, INC.

Created 23/10/2017Registered 31/10/2017Satisfied 08/12/2021
Charge
satisfied

TPG SPECIALTY LENDING, INC.

Created 23/10/2017Registered 31/10/2017Satisfied 08/12/2021
Charge
satisfied

TPG SPECIALTY LENDING, INC.

Created 23/10/2017Registered 30/10/2017Satisfied 01/11/2018
charge
satisfied

LLOYDS BANK PLC

Created 03/08/1994Registered 10/08/1994Satisfied 12/10/2017

CompanyRankvs 9136+ SIC 74909 peers
56

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.6× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
1Burbidge & Son Limited
90
2Kellands (Holdings) Limited
90
3National Association Of Teachers Of Dancing Limited(The)
90
4Processors & Growers Research Organisation
90
5Selby Livestock Auction Mart Limited
90
6Werfen Limited
90
7Butterworth Laboratories Limited
90
8Green & Preece (Grinding) Limited
90
9Seen And Heard Limited
90
10Quest Underwater Services Limited
90
9136Industrial Physics Product Integrity Limited
72
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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

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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/12/2024

Turnover

£9.1M

Annual revenue

Net Worth

£26.5M

Balance sheet strength

Cash

£159k

Cash in the bank

Profit Before Tax

-£1.6M

Bottom line earnings

Net Current Assets

-£7.6M

Working capital

Current Assets

£11.5M

Current Liabilities

£19.1M

Fixed Assets

£35.1M

Debtors

£9.7M

Cost of Sales

£6.0M

Gross Profit

£3.1M

Admin Expenses

£2.9M

Operating Profit

£200k

Profit After Tax

-£1.6M

54avg. employees+12

Tax at Year End(2023)

Corp tax£34k

People Costs

Wages & salaries£3.0M
NI contributions£173k

Balance Sheet

Intangible assets£130k
Assets less current liabilities£27.5M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.60+£20.9M
20233.48+£3.6M
20174.26—

Derived from filed accounts. Not audited figures.