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Autocraft Drivetrain Solutions Limited

02847178

active
Private Limited Company
england wales
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

AUTOCRAFT DRIVETRAIN SOLUTIONS LIMITED MAIN ROAD, GRANTHAM, NG32 2LY
Incorporated 24/08/1993

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 26/09/2025

Due 10/10/2026

On track

Industry

29320
Manufacture of other parts and accessories for motor vehicles

Officers

Mr Michael James Idwal Hague-Morgan

director · Since 21/07/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 8 other boards

Mr John Neil Seaton

director · Since 07/08/2018

ACCOUNTANT

BRITISH · ENGLAND · Age 58

Also on 6 other boards

Mr Simon Derek Warburton

director · Since 07/08/2018

ENGINEERING & QUALITY

BRITISH · ENGLAND · Age 58

Also on 5 other boards

Dr Sara Jane Ridley

director · Since 15/06/2022

ENGINEER

BRITISH · ENGLAND · Age 58

Also on 2 other boards

Mr Brian Barr

director · Since 12/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Persons with Significant Control

Autocraft Solutions Group Limited

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

C/O Autocraft Drivetrain Solutions, Main Road, Grantham, NG32 2LY

Reg: 11518532 · Companies House · Limited By Shares

Notified 30/11/2022

Former PSCs

Harmor Ltd

Ceased 30/11/2022

Charges3 outstanding

Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 20/03/2024Registered 21/03/2024
Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2024Registered 21/03/2024
Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 20/03/2024Registered 21/03/2024
Charge
satisfied

LEUMI ABL LIMITED

Created 13/10/2021Registered 22/10/2021Satisfied 28/08/2024
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/10/2021Registered 15/10/2021Satisfied 27/01/2024
Charge
satisfied

RBS INVOICE FINANCE LTD

Created 12/02/2018Registered 12/02/2018Satisfied 03/11/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 31/08/2012Registered 17/09/2012Satisfied 05/11/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 31/08/2012Registered 05/09/2012Satisfied 05/11/2021
charge
satisfied

LEUMI ABL LIMITED (LEUMI)

Created 05/05/2010Registered 11/05/2010Satisfied 01/05/2018
charge
satisfied

LEUMI ABL LIMITED (LEUMI)

Created 05/05/2010Registered 11/05/2010Satisfied 01/05/2018
charge
satisfied

LEUMI ABL LIMITED (LEUMI)

Created 05/05/2010Registered 11/05/2010Satisfied 01/05/2018
charge
satisfied

HSBC BANK PLC

Created 19/02/2001Registered 01/03/2001Satisfied 23/04/2010
charge
satisfied

MIDLAND BANK PLC

Created 31/03/1994Registered 08/04/1994Satisfied 27/02/1998

CompanyRankvs 1660+ SIC 29320 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.53× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees15/15 pts

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

Liquidity16/20 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

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 going concern are d

Key FinancialsYear ending 31/12/2021

Turnover

£39.7M

Annual revenue

Net Worth

£11.4M

Balance sheet strength

Cash

£377k

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

£6.8M

Working capital

Current Assets

£19.7M

Current Liabilities

£12.9M

Fixed Assets

£5.0M

Debtors

£13.3M

Cost of Sales

£34.1M

Gross Profit

£5.5M

Admin Expenses

£3.2M

Operating Profit

£2.2M

Profit After Tax

£1.9M

228avg. employees+25

Tax at Year End

Corp tax£319k
Dividends paid£259k

People Costs

Wages & salaries£5.8M
NI contributions£486k

Balance Sheet

Assets less current liabilities£11.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20211.53+£1.6M
20201.46

Derived from filed accounts. Not audited figures.