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Select Engineering Limited

02729801

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

OFFICE 16 RUNWELL HALL FARM, CHELMSFORD, CM3 8DQ
Incorporated 09/07/1992

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 09/07/2025

Due 23/07/2026

On track

Industry

78200
Temporary employment agency activities

Officers

Mr Clive Roger Foster

secretary · Since 01/11/1994

MARKETING CONSULTANT

BRITISH · UNITED KINGDOM · Age 79

Also on 31 other boards

Mr Clive Roger Foster

director · Since 18/10/1999

DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 31 other boards

Mrs Debra Leigh Foster

director · Since 18/10/1999

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 8 other boards

Persons with Significant Control

Drivefields Limited

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

5, Abbey Fields, Chelmsford, CM3 8XB

Reg: 04747195 · Companies House · Limited Company

Notified 06/04/2016

Former PSCs

Mrs Debra Leigh Foster

Ceased 09/07/2025

Mr Clive Roger Foster

Ceased 09/07/2025

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 16/01/2023Registered 18/01/2023
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 26/10/2022Registered 02/11/2022
Charge
outstanding

HSBC UK BANK PLC

Created 11/10/2022Registered 14/10/2022
Charge
satisfied

LLOYDS BANK PLC

Created 15/02/2018Registered 15/02/2018Satisfied 08/08/2019
Charge
satisfied

LLOYDS BANK PLC

Created 26/01/2018Registered 26/01/2018Satisfied 26/02/2018
charge
satisfied

HSBC BANK PLC

Created 04/07/2011Registered 09/07/2011Satisfied 02/07/2018
charge
satisfied

HSBC BANK PLC

Created 29/06/2001Registered 10/07/2001Satisfied 02/12/2010
charge
satisfied

HSBC BANK PLC

Created 21/07/2000Registered 25/07/2000Satisfied 02/12/2010
charge
satisfied

HSBC BANK PLC

Created 30/06/2000Registered 06/07/2000Satisfied 02/12/2010
charge
satisfied

HSBC BANK PLC

Created 26/05/2000Registered 31/05/2000Satisfied 02/12/2010
charge
satisfied

HSBC BANK PLC

Created 05/05/2000Registered 20/05/2000Satisfied 21/07/2010
charge
satisfied

HSBC BANK PLC

Created 05/05/2000Registered 20/05/2000Satisfied 02/12/2010
charge
satisfied

HSBC BANK PLC

Created 20/03/2000Registered 24/03/2000Satisfied 02/12/2010
charge
satisfied

MIDLAND BANK PLC

Created 30/07/1999Registered 03/08/1999Satisfied 02/12/2010

CompanyRankvs 44+ SIC 78200 peers
79

Financial strength98th percentile among SIC peers · 25/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.77× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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44Select Engineering Limited
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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.

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 31/12/2024

Net Worth

£972k

Balance sheet strength

Cash

£124k

Cash in the bank

Net Current Assets

£970k

Working capital

Current Assets

£1.5M

Current Liabilities

£549k

Fixed Assets

£2k

Debtors

£1.4M

37avg. employees

Tax at Year End(2021)

Corp tax£62k
Dividends paid£6.5M

People Costs(2021)

Wages & salaries£12.2M
NI contributions£171k

Balance Sheet

Assets less current liabilities£972k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.77-£406k
20233.79+£267k
20222.66-£546k
20214.64-£6.2M
202012.18+£364k
20196.54—

Derived from filed accounts. Not audited figures.