Torpedo Factory Group Limited
03298917
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/01/1997
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 52
Also on 4 other boards
director · Since 29/07/2014
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 42
Also on 8 other boards
Persons with Significant Control
Built Cybernetics Plc
10, Bonhill Street, London, EC2A 4PE
Notified 20/03/2023
Charges2 outstanding
ESPALIER VENTURES LIMITED
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NATIONAL WESTMINSTER BANK PLC
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KEITH GRAHAM MCCULLAGH
CompanyRankvs 4774+ SIC 70100 peers43
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
or unexpected levels of delays on project work beyond its control, requiring additional financing. For this reason, the Board considers it appropriate to prepare the financial statements on a going concern basis however given the lack of certainty involved in preparing these cash flow forecasts, there is a material uncertainty which may cast significant doubt on the Group's (and consequent
Key FinancialsYear ending 30/09/2023
Net Worth
£140k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£1.4M
Current Liabilities
£2.8M
Profit After Tax
£46k
People Costs(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.49 | +£0 |
| 2022 | 1.61 | +£0 |
| 2021 | 1.36 | +£0 |
| 2019 | 0.09 | — |
Derived from filed accounts. Not audited figures.