Specialist Coatings Limited
02792107
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 19/02/2026
Due 05/03/2027
Industry
Officers
Former
corporate nominee director · Resigned 22/02/1993
corporate nominee secretary · Resigned 22/02/1993
director · Resigned 21/09/2023
secretary · Resigned 21/09/2023
Persons with Significant Control
Mr Stephen Mitchell
British · England · Age 52
Faverdale, Faverdale Industrial Estate, Darlington, DL3 0PP
Notified 19/02/2017
Mr Allan David Mitchell
British · England · Age 55
Faverdale, Faverdale Industrial Estate, Darlington, DL3 0PP
Notified 19/02/2017
Mr Mark Mitchell
British · England · Age 45
Faverdale, Faverdale Industrial Estate, Darlington, DL3 0PP
Notified 19/02/2017
Former PSCs
Mrs Irene Mitchell
Ceased 22/02/2022
Dr Allan Mitchell
Ceased 22/02/2022
Charges3 outstanding
CLYDESDALE BANK PLC
CLYDESDALE BANK PLC
YORKSHIRE BANK PLC
YORKSHIRE BANK PLC
BARCLAYS BANK PLC
Change History
Active
Private Limited Company
FAVERDALE
DARLINGTON
CompanyRankvs 46406+ SIC 82990 peers47
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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
Key FinancialsYear ending 31/03/2025
Net Worth
£5.6M
Balance sheet strength
Cash
£43k
Cash in the bank
Profit Before Tax
£204k
Bottom line earnings
Net Current Assets
-£351k
Working capital
Current Assets
£3.5M
Current Liabilities
£3.9M
Fixed Assets
£6.8M
Debtors
£3.4M
Cost of Sales
£3.5M
Admin Expenses
£3.9M
Profit After Tax
£136k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.91 | +£128k |
| 2024 | 0.99 | -£585k |
| 2023 | 1.10 | +£84k |
| 2022 | 1.11 | +£295k |
| 2021 | 0.97 | +£553k |
| 2020 | 0.87 | +£1.2M |
| 2019 | 0.63 | — |
Derived from filed accounts. Not audited figures.