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Ikm Testing Uk Limited

03467183

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)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

42 COLBOURNE CRESCENT, CRAMLINGTON, NE23 1WB
Incorporated 18/11/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Erling Meinich Bache

secretary · Since 15/08/2005

NORWEGIAN · Age 60

Anthony Stephen Perkin

director · Since 05/04/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Mr Stale Kyllingstad

director · Since 31/08/2018

COMPANY DIRECTOR

NORWEGIAN · NORWAY · Age 65

Persons with Significant Control

Mr Stale Kyllingstad

75–100% shares

Norwegian · Norway · Age 65

Ikm Testing As, Ljosheimsvegen 14, 4050 Sola

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 22/10/2019Registered 23/10/2019
Charge
satisfied

DANSKE BANK A/S

Created 02/07/2018Registered 09/07/2018Satisfied 21/03/2024

CompanyRankvs 101+ SIC 71129 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.13× · 20/20
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.

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

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

£32.8M

Annual revenue

Net Worth

£16.0M

Balance sheet strength

Cash

£4.5M

Cash in the bank

Profit Before Tax

£3.5M

Bottom line earnings

Net Current Assets

£12.9M

Working capital

Current Assets

£17.0M

Current Liabilities

£4.1M

Fixed Assets

£3.4M

Debtors

£11.7M

Cost of Sales

£22.9M

Gross Profit

£9.9M

Admin Expenses

£6.4M

Operating Profit

£3.5M

Profit After Tax

£2.6M

171avg. employees

Tax at Year End

Dividends paid-£2.2M

People Costs

Wages & salaries£13.3M
NI contributions£997k

Balance Sheet

Assets less current liabilities£16.3M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20244.13

Derived from filed accounts. Not audited figures.