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Industrial Drying Systems Limited

02842347

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

42 ST. AUGUSTINE AVENUE, GRIMSBY, DN32 0LD
Incorporated 04/08/1993

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Ms Patricia Alice Hargreaves

director · Since 18/06/2003

DIRECTOR

BRITISH · ENGLAND · Age 83

Also on 4 other boards

Mr Michael Thompson

director · Since 01/07/2017

ENGINEER

BRITISH · ENGLAND · Age 80

Also on 4 other boards

Mr Mark Thompson

director · Since 29/04/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Ms Patricia Alice Hargreaves

25–50% shares
25–50% votes
Appoint directors

British · England · Age 83

42, St. Augustine Avenue, Grimsby, DN32 0LD

Notified 09/08/2016

Mr Michael Thompson

25–50% shares
25–50% votes

British · England · Age 80

42, St. Augustine Avenue, Grimsby, DN32 0LD

Notified 09/08/2016

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 13/02/2020Registered 17/02/2020Satisfied 25/02/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 22/08/2008Registered 02/09/2008Satisfied 25/02/2022

CompanyRankvs 82263+ SIC 68209 peers
60

Financial strength85th percentile among SIC peers · 21/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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82263Industrial Drying Systems Limited
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How is this score calculated?
Financial strength21/25 pts

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

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/04/2025

Net Worth

£252k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£57k

Working capital

Current Assets

£392k

Current Liabilities

£449k

Fixed Assets

£311k

0avg. employees

Balance Sheet

Assets less current liabilities£254k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.87-£35k
20240.96-£38k
20231.06—

Derived from filed accounts. Not audited figures.