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Winch Systems Limited

03509897

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

CRAVEN HOUSE, HULL, HU9 1AP
Incorporated 13/02/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28220
Manufacture of lifting and handling equipment

Officers

Neil Giblin

director · Since 13/02/1998

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 2 other boards

Persons with Significant Control

Neil Giblin

75–100% shares

British · England · Age 67

Thorn Marsh House, Bellcroft Lane, Hull, HU12 9JR

Notified 30/06/2016

Former PSCs

Mrs Julie Giblin

Ceased 30/11/2019

Charges1 outstanding

charge
outstanding

CLYDESDALE BANK PLC

Created 28/06/2011Registered 06/07/2011
charge
satisfied

HSBC BANK PLC

Created 18/09/2003Registered 20/09/2003Satisfied 21/02/2020
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/08/2002Registered 24/08/2002Satisfied 14/03/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/07/2002Registered 27/07/2002Satisfied 14/03/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 09/05/2001Registered 24/05/2001Satisfied 14/03/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 05/03/1998Registered 13/03/1998Satisfied 14/03/2005

CompanyRankvs 92+ SIC 28220 peers
70

Financial strength79th percentile among SIC peers · 20/25
Employees67th percentile among SIC peers · 10/15
LiquidityCurrent ratio 4.9× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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92Winch Systems Limited
80
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.

Employees10/15 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 31/03/2025

Net Worth

£1.0M

Balance sheet strength

Cash

£474k

Cash in the bank

Net Current Assets

£976k

Working capital

Current Assets

£1.2M

Current Liabilities

£250k

Fixed Assets

£66k

Debtors

£431k

7avg. employees

Balance Sheet

Assets less current liabilities£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.90+£0
20254.90-£26k
20248.13+£22k
20239.95+£4k
20228.23+£80k
20218.37+£24k
202013.62+£20k
201912.15—

Derived from filed accounts. Not audited figures.