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Redditch Gears & Engineering Limited

03359164

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

24 NEW MEADOW ROAD, REDDITCH, B98 8YW
Incorporated 24/04/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28150
Manufacture of bearings, gears, gearing and driving elements

Officers

Mr Stuart Harris

director · Since 22/10/2004

PRODUCTION DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Mrs Joy Elizabeth Ward

director · Since 22/10/2004

FINANCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 3 other boards

Mrs Joy Elizabeth Ward

secretary · Since 30/04/2016

Also on 3 other boards

Persons with Significant Control

Redditch Gears Limited

75–100% shares

22-24 New Meadow Road, Lakeside Industrial Estate, New Meadow Road, Redditch, B98 8YW

Reg: 03704682 · Companies House · Limited Company

Notified 30/04/2016

Charges1 outstanding

Charge
satisfied

HSBC BANK PLC

Created 13/04/2016Registered 14/04/2016Satisfied 21/07/2021
charge
outstanding

CEDRIC WILLIAM WILKES AND RONALD CHARLES HARRIS

Created 18/09/2009Registered 23/09/2009
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 19/12/2007Registered 28/12/2007Satisfied 04/02/2015

CompanyRankvs 20+ SIC 28150 peers
73

Financial strength81th percentile among SIC peers · 20/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 7.71× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees13/15 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.

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 31/12/2024

Net Worth

£650k

Balance sheet strength

Cash

£286k

Cash in the bank

Net Current Assets

£633k

Working capital

Current Assets

£727k

Current Liabilities

£94k

Fixed Assets

£22k

Debtors

£359k

14avg. employees-1

Balance Sheet

Bank loans & overdrafts£5k
Assets less current liabilities£655k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20247.71+£40k
20235.61+£118k
20225.82+£88k
20213.15—

Derived from filed accounts. Not audited figures.