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Identec Limited

03043507

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

5 MERCANTILE ROAD, HOUGHTON LE SPRING, DH4 5PH
Incorporated 07/04/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26512
Manufacture of electronic industrial process control equipment

Officers

Mr Gary Vasey

director · Since 02/02/2015

DIRECTOR

BRITISH · ENGLAND · Age 56

Mrs Lynn Morris

director · Since 06/04/2020

FINANCIAL DIRECTOR

BRITISH · ENGLAND · Age 55

Mr Christopher Huggins

director · Since 24/04/2020

MANUFACTURING DIRECTOR

BRITISH · ENGLAND · Age 39

Persons with Significant Control

Mr Gary Vasey

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

British · England · Age 56

5, Mercantile Road, Houghton Le Spring, DH4 5PH

Notified 11/11/2019

Former PSCs

Mr Harold Dodd

Ceased 11/11/2019

Charges0 outstanding

charge
satisfied

BARCLAYS BANK PLC

Created 21/06/1995Registered 30/06/1995Satisfied 09/04/2015

CompanyRankvs 120+ SIC 26512 peers
81

Financial strength79th percentile among SIC peers · 20/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 7.3× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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120Identec Limited
81
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.

Employees11/15 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 31/05/2025

Net Worth

£512k

Balance sheet strength

Cash

£207k

Cash in the bank

Net Current Assets

£477k

Working capital

Current Assets

£553k

Current Liabilities

£76k

Fixed Assets

£36k

Debtors

£73k

4avg. employees

Tax at Year End(2022)

Corp tax£27k

Balance Sheet

Assets less current liabilities£513k

EstimatesDerived

YearCurrent RatioImplied Profit
20257.30+£0
20257.30-£14k
20244.76-£48k
20235.35+£80k
20224.74+£96k
20214.26—

Derived from filed accounts. Not audited figures.