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Source (Ec) Limited

02613081

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

VISION HOUSE, MANSFIELD, NG18 5BU
Incorporated 21/05/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

18121
Manufacture of printed labels

Officers

Timothy Kevin Lowe

director · Since 21/05/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Tony Jones

secretary · Since 01/03/2024

Mr Ian George Kendall

director · Since 01/03/2024

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 14 other boards

Mr Gary Adrian Tomlin

director · Since 01/03/2024

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 1 other board

Persons with Significant Control

Label Research & Development Limited

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

Vision House, Hamilton Way, Mansfield, NG18 5BU

Reg: 04047268 · Companies House · Limited

Notified 11/05/2022

Former PSCs

Mr Tim Lowe

Ceased 11/05/2022

Mrs Kathryn Jane Lowe

Ceased 11/05/2022

Charges1 outstanding

Charge
outstanding

LEUMI UK GROUP LIMITED

Created 06/10/2025Registered 08/10/2025
charge
satisfied

MIDLAND BANK PLC

Created 21/04/1994Registered 30/04/1994Satisfied 01/03/2023
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 14/09/1992Registered 21/09/1992Satisfied 19/05/1995

CompanyRankvs 31+ SIC 18121 peers
74

Financial strength91th percentile among SIC peers · 23/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.88× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Ormerods Limited
90
2Baker Self-Adhesive Label Company Limited(The)
90
3Axicon Auto Id Limited
90
4Pro Print Group Labels Limited
90
5B.S. Labels Limited
89
6Computer Imprintable Label Systems Limited
89
7Sprite Labels Limited
89
8Mirical Emblems Limited
89
9Lintec Europe (Uk) Limited
89
10C.P.S. (Wales) Limited
89
31Source (Ec) Limited
84
How is this score calculated?
Financial strength23/25 pts

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

Employees11/15 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 28/02/2024

Net Worth

£796k

Balance sheet strength

Cash

£130k

Cash in the bank

Net Current Assets

£784k

Working capital

Current Assets

£1.2M

Current Liabilities

£417k

Fixed Assets

£13k

Debtors

£1.1M

4avg. employees

Tax at Year End

Corp tax£112k

Balance Sheet

Intangible assets£10k
Assets less current liabilities£796k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.88+£156k
20222.13+£133k
20211.99+£42k
20202.05-£119k
20192.18+£194k
20181.80—

Derived from filed accounts. Not audited figures.