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Iwis Drive Systems Limited

02969829

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

8C BLOOMFIELD PARK, TIPTON, DY4 9AP
Incorporated 20/09/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25930
Manufacture of wire products, chain and springs

Officers

Margret Beate Held

secretary · Since 01/12/2014

Nico Hirsch

director · Since 01/12/2014

COMPANY DIRECTOR

GERMAN · GERMANY · Age 52

Dr Frank Mitzschke

director · Since 01/01/2018

DIRECTOR

GERMAN · GERMANY · Age 47

Mr Abhijit Hari Potdar

director · Since 01/02/2018

DIRECTOR

GERMAN · GERMANY · Age 43

Persons with Significant Control

Mr Hubert Johannes Winklhofer

Significant control

German · Germany · Age 61

Albert Rosshaupter, Strasse 53, D-81369 Munich

Notified 06/04/2016

Former PSCs

Mr Andrew James Fletcher

Ceased 01/08/2017

Mrs Margret Beate Held

Ceased 01/08/2017

Mr Abhijit Hari Potdar

Ceased 01/02/2018

Charges0 outstanding

charge
satisfied

VENTURE FINANCE PLC

Created 14/10/2004Registered 22/10/2004Satisfied 12/04/2016
charge
satisfied

FLEXON HOLLAND BV

Created 26/07/2002Registered 31/07/2002Satisfied 12/04/2016
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 23/10/2001Registered 25/10/2001Satisfied 12/04/2016
charge
satisfied

LLOYDS BANK PLC

Created 03/01/1995Registered 11/01/1995Satisfied 12/04/2016

CompanyRankvs 45+ SIC 25930 peers
79

Financial strength78th percentile among SIC peers · 20/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 8.33× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength20/25 pts

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

Employees9/15 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.

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

£1.2M

Balance sheet strength

Cash

£453k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.4M

Current Liabilities

£167k

Fixed Assets

£5k

Debtors

£475k

10avg. employees

Balance Sheet

Assets less current liabilities£1.2M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20248.33+£195k
20237.53+£120k
20223.55+£65k
20216.54

Derived from filed accounts. Not audited figures.