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Coil Processing Services Limited

02979578

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

SPRINGHILL WORKS, TIPTON, DY4 9AX
Incorporated 17/10/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24100
Manufacture of basic iron and steel and of ferro-alloys

Officers

Mr Roy Stanley O'Grady

director · Since 17/10/1994

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Ms Sarah O'Grady

secretary · Since 15/10/2004

BRITISH

Mr Aaron Roy O'Grady

director · Since 04/09/2019

DIRECTOR

BRITISH · ENGLAND · Age 33

Mrs Sarah O'Grady

director · Since 05/12/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Persons with Significant Control

Mr Roy Stanley O'Grady

25–50% shares

British · United Kingdom · Age 64

219 Foley Road West, Streetly, Sutton Coldfield, B74 3NX

Notified 06/04/2016

Mrs Sarah O'Grady

25–50% shares

British · England · Age 53

Springhill Works, Tipton, DY4 9AX

Notified 06/04/2016

Former PSCs

Mr Roy Stanley Ogrady

Ceased 06/04/2016

Charges3 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 12/12/2003Registered 19/12/2003
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 12/04/2001Registered 24/04/2001
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/02/2000Registered 04/02/2000

CompanyRankvs 337+ SIC 24100 peers
33

Financial strength4th percentile among SIC peers · 1/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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337Coil Processing Services Limited
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How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

-£31k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

-£226k

Working capital

Current Assets

£111k

Current Liabilities

£337k

Fixed Assets

£201k

Debtors

£101k

Profit After Tax

£71k

4avg. employees

Tax at Year End

Corp tax£26k
Dividends paid£114k

Director Loans(2022)

Company owes directors£386

Balance Sheet

Bank loans & overdrafts£13k
Assets less current liabilities-£25k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.33-£44k
20230.09-£38k
20220.34+£49k

Derived from filed accounts. Not audited figures.