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Butyl Products Limited

03141465

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

11 RADFORD CRESCENT, ESSEX, CM12 0DW
Incorporated 27/12/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22190
Manufacture of other rubber products

Officers

Mr John Richard Young

director · Since 29/05/1996

FARMER

BRITISH · ENGLAND · Age 81

Also on 1 other board

Mr Gavin William Mitchell

director · Since 23/07/2008

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 4 other boards

Mr. Craig Stuart Ball

director · Since 01/07/2013

SALES DIRECTOR

BRITISH · ENGLAND · Age 55

Mrs Lindsey Patricia Drumgold

director · Since 27/01/2015

COMPANY ACCOUNTANT

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Mrs Lindsey Patricia Drumgold

secretary · Since 04/07/2018

Also on 2 other boards

Persons with Significant Control

Allyoung Ltd

75–100% shares
75–100% votes

11, Radford Crescent, Billericay, CM12 0DW

Reg: 07412528 · Uk · Ltd

Notified 09/05/2023

Former PSCs

Mr John Richard Young

Ceased 09/05/2023

Mr Robert Arthur Young

Ceased 04/07/2018

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 21/06/2017Registered 22/06/2017
charge
outstanding

BARCLAYS BANK PLC

Created 27/02/1996Registered 07/03/1996
charge
satisfied

BARCLAYS BANK PLC

Created 27/02/1996Registered 07/03/1996Satisfied 11/07/1996

CompanyRankvs 76+ SIC 22190 peers
65

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.8× · 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 strength24/25 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 co

Key FinancialsYear ending 31/12/2024

Turnover

£14.5M

Annual revenue

Net Worth

£4.9M

Balance sheet strength

Cash

£2.8M

Cash in the bank

Profit Before Tax

£920k

Bottom line earnings

Net Current Assets

£3.4M

Working capital

Current Assets

£7.6M

Current Liabilities

£4.2M

Fixed Assets

£2.1M

Debtors

£3.4M

Cost of Sales

£11.3M

Gross Profit

£3.2M

Admin Expenses

£2.4M

Operating Profit

£912k

Profit After Tax

£690k

61avg. employees-3

Tax at Year End

Corp tax£254k
Dividends paid£201k

People Costs

Wages & salaries£2.5M
NI contributions£241k

Balance Sheet

Bank loans & overdrafts£478k
Assets less current liabilities£5.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.80+£489k
20232.02+£355k
20221.88+£556k
20211.67+£772k
20201.88+£367k
20192.08+£226k
20181.63

Derived from filed accounts. Not audited figures.