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Kimber Drop Forgings Limited

03175857

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

GAWNE LANE, CRADLEY HEATH, B64 5QZ
Incorporated 20/03/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25500
Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Officers

Mr Laurence Joyce

director · Since 05/06/2001

CHAIRMAN

BRITISH · ENGLAND · Age 77

Also on 3 other boards

Mrs Janet O'Brien

director · Since 30/06/2022

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 1 other board

Mr Roger Simmons

director · Since 30/06/2022

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 62

Mr James Middleton

director · Since 31/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 43

Persons with Significant Control

Kimbermills International Limited

75–100% shares
75–100% votes

Azets, Ventura Park Road, Tamworth, B78 3HL

Reg: 15671013 · Uk Register Of Companies · Private Company Limited By Shares

Notified 09/08/2024

Former PSCs

Mr Laurence Joyce

Ceased 09/08/2024

Precise Specifications Limited

Ceased 06/04/2022

Precise Specifications Limited

Ceased 09/08/2024

Charges1 outstanding

charge
satisfied

MILLS FORGING LIMITED

Created 05/09/2005Registered 06/09/2005Satisfied 08/12/2011
charge
satisfied

BARCLAYS BANK PLC

Created 30/04/2004Registered 18/09/2004Satisfied 25/02/2016
charge
outstanding

BARCLAYS BANK PLC

Created 11/05/2004Registered 19/05/2004
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 07/01/2002Registered 09/01/2002Satisfied 24/12/2004
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 07/01/2002Registered 09/01/2002Satisfied 24/12/2004
charge
satisfied

BANK OF WALES PLC

Created 24/05/1996Registered 12/06/1996Satisfied 02/12/2004
charge
satisfied

BANK OF WALES PLC

Created 24/05/1996Registered 12/06/1996Satisfied 02/12/2004
charge
satisfied

BANK OF WALES PLC

Created 24/05/1996Registered 12/06/1996Satisfied 02/12/2004
charge
satisfied

3I GROUP PLC

Created 24/05/1996Registered 30/05/1996Satisfied 02/12/2004
charge
satisfied

3I GROUP PLC

Created 24/05/1996Registered 30/05/1996Satisfied 02/12/2004

CompanyRankvs 137+ SIC 25500 peers
60

Financial strength85th percentile among SIC peers · 21/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.72× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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137Kimber Drop Forgings Limited
66
How is this score calculated?
Financial strength21/25 pts

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

Employees3/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

£1.2M

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

£711k

Working capital

Current Assets

£1.7M

Current Liabilities

£988k

Fixed Assets

£601k

Debtors

£829k

0avg. employees-25

Tax at Year End

Corp tax£0

Balance Sheet

Intangible assets£0
Assets less current liabilities£1.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.72-£16k
20241.95+£5k
20231.55+£73k
20221.80-£91k
20212.28-£138k
202029.43+£123k
20191.73—

Derived from filed accounts. Not audited figures.