Massey Truck Engineering Limited
02602321
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 17/04/2026
Due 01/05/2027
Industry
Officers
director · Since 22/02/2018
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 5 other boards
director · Since 22/02/2018
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 2 other boards
director · Since 16/04/2018
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 1 other board
Persons with Significant Control
Strevens Vehicles Holdings Limited
Hazel Drive, Narborough Road South, Leicester, LE3 2JG
Reg: 02692287 · England & Wales · Private Limited Company
Notified 28/02/2018
Former PSCs
Brooks Brothers & Sons Developments Ltd
Ceased 28/02/2018
Charges3 outstanding
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3I PLC
CompanyRankvs 15+ SIC 29201 peers70
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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 31/12/2024
Turnover
£16.4M
Annual revenue
Net Worth
£7.8M
Balance sheet strength
Cash
£6.5M
Cash in the bank
Profit Before Tax
£1.3M
Bottom line earnings
Net Current Assets
£7.9M
Working capital
Current Assets
£10.3M
Current Liabilities
£2.5M
Fixed Assets
£933k
Debtors
£2.1M
Cost of Sales
£12.6M
Gross Profit
£3.7M
Admin Expenses
£2.4M
Operating Profit
£1.3M
Profit After Tax
£925k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.18 | +£925k |
| 2023 | 2.21 | — |
Derived from filed accounts. Not audited figures.