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Asel Temporary Security Solutions Ltd

03448690

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

PROTECTOR HOUSE, TEAM VALLEY, NE11 0ZF
Incorporated 13/10/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

80200
Security systems service activities

Officers

Mr Frank Argenbright Jr

director · Since 16/11/2022

DIRECTOR

AMERICAN · UNITED STATES · Age 78

Also on 7 other boards

Mr Karan Ishwar

director · Since 16/11/2022

DIRECTOR

INDIAN · UNITED STATES · Age 40

Also on 2 other boards

Mr Ernie Patterson

director · Since 16/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 79

Also on 12 other boards

Persons with Significant Control

Argenbright Security Europe Limited

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

Greenside House, 50 Station Road, London, N22 7DE

Reg: 13249975 · Companies House · Private Limited Company

Notified 16/11/2022

Frank Argenbright Jr

Significant control

American · United States · Age 78

3399, Peachtree Rd, Suite 1500, 30326

Notified 16/11/2022

Former PSCs

Mercer Street Marketing And Consulting Limited

Ceased 16/11/2022

Mercer Street Security Systems Limited

Ceased 16/11/2022

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 03/11/2025Registered 11/11/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 03/11/2025Registered 07/11/2025
Charge
outstanding

ARES CAPITAL CORPORATION

Created 24/07/2023Registered 25/07/2023
Charge
satisfied

LEUMI UK GROUP LIMITED

Created 24/07/2023Registered 25/07/2023Satisfied 14/11/2025
Charge
satisfied

BARCLAYS BANK PLC

Created 08/06/2016Registered 15/06/2016Satisfied 07/12/2022
Charge
satisfied

BARCLAYS BANK PLC

Created 08/06/2016Registered 09/06/2016Satisfied 07/12/2022
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 29/06/2012Registered 04/07/2012Satisfied 10/06/2016
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 26/02/2004Registered 17/03/2004Satisfied 10/06/2016
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 22/10/2003Registered 30/10/2003Satisfied 10/06/2016
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 22/10/2003Registered 30/10/2003Satisfied 25/05/2012
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 22/10/2003Registered 30/10/2003Satisfied 10/06/2016
charge
satisfied

BARCLAYS BANK PLC

Created 16/04/2002Registered 18/04/2002Satisfied 25/05/2012
charge
satisfied

BARCLAYS BANK PLC

Created 04/01/1999Registered 15/01/1999Satisfied 20/11/2003
charge
satisfied

BARCLAYS BANK PLC

Created 29/04/1998Registered 06/05/1998Satisfied 20/11/2003

CompanyRankvs 315+ SIC 80200 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.5× · 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 strength25/25 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 g

Key FinancialsYear ending 31/03/2023

Turnover

£21.3M

Annual revenue

Net Worth

£3.2M

Balance sheet strength

Cash

£36k

Cash in the bank

Profit Before Tax

£709k

Bottom line earnings

Net Current Assets

£1.6M

Working capital

Current Assets

£4.8M

Current Liabilities

£3.2M

Fixed Assets

£3.5M

Debtors

£4.7M

Cost of Sales

£15.8M

Gross Profit

£5.5M

Admin Expenses

£3.8M

Operating Profit

£744k

Profit After Tax

£644k

299avg. employees-39

Tax at Year End

Dividends paid£92k

People Costs

Wages & salaries£7.9M
NI contributions£799k

Balance Sheet

Bank loans & overdrafts£140k
Assets less current liabilities£5.1M
Prepared with DataTracks-DataTagger

EstimatesDerived

YearCurrent RatioImplied Profit
20231.50+£493k
20221.13+£659k
20211.03+£604k
20190.86

Derived from filed accounts. Not audited figures.