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Oswaldtwistle Mills Limited

02928759

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

CLIFTON MILL, OSWALDTWISTLE, BB5 0EY
Incorporated 13/05/1994

Compliance

Last accounts

31/03/2024

full

Next accounts due

30/03/2026

Overdue

Confirmation statement

Last: 24/01/2026

Due 07/02/2027

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr Russell Justin Booth

director · Since 02/08/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 11 other boards

Mr Nigel Andrew Bate

secretary · Since 15/11/2021

Also on 13 other boards

Mr Nigel Andrew Bate

director · Since 05/01/2022

CERTIFIED CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 54

Also on 13 other boards

Mr Nicholas Alexander Pitman

director · Since 05/01/2022

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 40

Persons with Significant Control

Nfield Holdings Limited

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

Clifton Mill, Pickup Street, Accrington, BB5 0EY

Reg: 01863726 · Companies House · Ltd

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

DDFI LIMITED

Created 18/04/2022Registered 04/05/2022
Charge
satisfied

BARCLAYS BANK PLC

Created 21/05/2013Registered 08/06/2013Satisfied 10/03/2022
charge
satisfied

BARCLAYS BANK PLC

Created 05/03/2013Registered 09/03/2013Satisfied 11/01/2022
charge
satisfied

LLOYDS TSB BANK PLC (THE BANK)

Created 07/11/2011Registered 12/11/2011Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/06/2011Registered 15/06/2011Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/09/2010Registered 01/10/2010Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/09/2010Registered 01/10/2010Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/04/2010Registered 27/04/2010Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/04/2010Registered 27/04/2010Satisfied 24/05/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 15/03/2010Registered 16/03/2010Satisfied 24/05/2013
charge
satisfied

LANCASHIRE COUNTY DEVELOPMENTS (INVESTMENTS) LIMITED

Created 05/02/2010Registered 17/02/2010Satisfied 20/03/2013
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 20/06/2008Registered 02/07/2008Satisfied 15/07/2009
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 01/08/2007Registered 07/08/2007Satisfied 06/05/2010
charge
satisfied

WEST REGISTER (INVESTMENTS) LIMITED

Created 01/08/2007Registered 07/08/2007Satisfied 06/05/2010
charge
satisfied

GE COMMERCIAL FINANCE LIMITED

Created 01/08/2007Registered 02/08/2007Satisfied 15/07/2009
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/07/1994Registered 01/08/1994Satisfied 06/05/2010

CompanyRankvs 40+ SIC 47190 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.59× · 20/20
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.

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

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 co

Key FinancialsYear ending 31/03/2024

Turnover

£4.0M

Annual revenue

Net Worth

£2.9M

Balance sheet strength

Cash

£171k

Cash in the bank

Profit Before Tax

£9k

Bottom line earnings

Net Current Assets

£903k

Working capital

Current Assets

£1.5M

Current Liabilities

£566k

Fixed Assets

£7.1M

Debtors

£669k

Cost of Sales

£2.4M

Gross Profit

£1.6M

Admin Expenses

£1.5M

Operating Profit

£9k

Profit After Tax

-£49k

58avg. employees+1

Tax at Year End(2023)

VAT£295k

People Costs

Wages & salaries£904k
NI contributions£57k

Balance Sheet

Assets less current liabilities£8.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.59-£49k—
20231.81-£202k£5.9M
20220.30-£2k£1.4M
20210.18-£449k£3.8M
20200.68-£157k—
20190.88——

Derived from filed accounts. Not audited figures.