Back to search

Industrial Technology Systems Limited

02658829

active
Private Limited Company
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

ITS HOUSE, MIDDLESBROUGH, TS2 1RH
Incorporated 30/10/1991

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/08/2025

Due 03/09/2026

On track

Industry

71121
Engineering design activities for industrial process and production

Officers

Mr Simon Michael Close

director · Since 24/05/2002

ACCOUNTANT

BRITISH · ENGLAND · Age 61

Also on 7 other boards

Mr Simon Michael Close

secretary · Since 29/10/2009

Also on 7 other boards

Mr Andrew Ian Mills

director · Since 24/01/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 5 other boards

Mr Gareth Wynne Davies

director · Since 01/03/2026

BRITISH · BELGIUM · Age 56

Mr Timothy Peter Maclaren

director · Since 01/03/2026

BRITISH · UNITED KINGDOM · Age 44

Also on 1 other board

Mr Andrew Stephens

director · Since 01/03/2026

BRITISH · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Its Operating Group Ltd

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

Its House, High Force Road, Middlesbrough, TS2 1RH

Reg: 16020697 · Companies House · Limited By Shares

Notified 25/10/2024

Former PSCs

Malcolm Knott

Ceased 25/10/2024

Charges2 outstanding

Charge
outstanding

ALLICA BANK LIMITED

Created 05/09/2025Registered 08/09/2025
Charge
satisfied

MALCOLM KNOTT · SIMON MICHAEL CLOSE

Created 25/10/2024Registered 28/03/2025Satisfied 16/09/2025
Charge
outstanding

BIBBY FINANCIAL SERVICES LIMITED

Created 25/10/2024Registered 29/10/2024
Charge
satisfied

TEES VALLEY CATAYST FUND L.P. ACTING BY WAY OF ITS GENERAL PARTNER TVUPB LIMITED, ACTING BY FW

Created 27/02/2014Registered 08/03/2014Satisfied 17/05/2014
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 06/02/2014Registered 10/02/2014Satisfied 01/09/2021
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 06/02/2014Registered 07/02/2014Satisfied 01/09/2021
charge
satisfied

LLOYDS BANK PLC

Created 18/08/1998Registered 03/09/1998Satisfied 01/09/2021
charge
satisfied

LLOYDS BANK PLC

Created 24/07/1995Registered 31/07/1995Satisfied 01/04/2020

CompanyRankvs 346+ SIC 71121 peers
71

Financial strength97th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.47× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength24/25 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.

Liquidity12/20 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 31/10/2024

Net Worth

£946k

Balance sheet strength

Cash

£1.5M

Cash in the bank

Net Current Assets

£834k

Working capital

Current Assets

£2.6M

Current Liabilities

£1.8M

Fixed Assets

£119k

Debtors

£966k

34avg. employees-1

Tax at Year End

Corp tax£40k

Balance Sheet

Assets less current liabilities£953k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20241.47+£361k
20231.43-£316k
20222.18-£15k
20212.18+£4k
20202.22+£7k
20192.02+£75k
20182.96

Derived from filed accounts. Not audited figures.