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Eurosat Distribution (Midlands) Limited

02626593

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

ARGYLE HOUSE, WALSALL, WS2 0BW
Incorporated 04/07/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46439
46439

Officers

Gregory Hamilton James Simonds

director · Since 21/03/2000

SALES DIRECTOR

BRITISH · ENGLAND · Age 63

Mr Michael Power Carver

secretary · Since 04/04/2006

BRITISH · UNITED KINGDOM · Age 65

Also on 9 other boards

Mr Kevin Neil Jones

director · Since 04/04/2006

DIRECTOR

BRITISH · ENGLAND · Age 62

Persons with Significant Control

Neem Holdings Limited

50–75% shares
50–75% votes
voting-rights-50-to-75-percent-as-firm
Appoint directors

3, Phoenix Park, London, NW2 7LN

Reg: 04061616 · Companies House · Limited Company

Notified 06/04/2016

Charges2 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 27/04/2020Registered 28/04/2020Satisfied 12/07/2021
Charge
satisfied

HSBC BANK PLC

Created 01/12/2016Registered 06/12/2016Satisfied 13/04/2021
charge
outstanding

HSBC BANK PLC

Created 21/09/2011Registered 23/09/2011
charge
outstanding

HSBC BANK PLC

Created 20/04/2007Registered 27/04/2007
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 19/09/2006Registered 20/09/2006Satisfied 15/11/2018
charge
satisfied

GRIFFIN CREDIT SERVICES LIMITED

Created 27/08/1997Registered 29/08/1997Satisfied 15/10/2011

CompanyRankvs 36+ SIC 46439 peers
77

Financial strength92th percentile among SIC peers · 23/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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36Eurosat Distribution (Midlands) Limited
87
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.

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 31/03/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£349k

Cash in the bank

Net Current Assets

£947k

Working capital

Current Assets

£1.3M

Current Liabilities

£324k

Fixed Assets

£533k

Debtors

£492k

14avg. employees-1

Balance Sheet

Assets less current liabilities£1.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.93+£40k
20233.48+£22k
20223.14+£5k
20212.21+£213k
20202.90+£147k
20192.58—

Derived from filed accounts. Not audited figures.