Back to search

Hivac Engineering Ltd

03630574

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

14-16 IVYHOUSE LANE INDUSTRIAL ESTATE, HASTINGS, TN35 4NN
Incorporated 11/09/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Paul Lennard

director · Since 16/09/1998

ENGINEER

BRITISH · ENGLAND · Age 60

Former

Mr Robert John Burgess

secretary · Resigned 10/09/2018

Persons with Significant Control

Mr Paul Lennard

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

British · England · Age 60

14-16, Ivyhouse Lane Industrial Estate, Hastings, TN35 4NN

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

TIME INVOICE FINANCE LIMITED

Created 27/04/2026Registered 29/04/2026
Charge
satisfied

BARCLAYS BANK PLC

Created 01/08/2013Registered 07/08/2013Satisfied 14/08/2023
charge
satisfied

INNOVATION FINANCE LIMITED

Created 04/11/2011Registered 09/11/2011Satisfied 15/06/2022
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/06/2009Registered 05/06/2009
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 09/10/2006Registered 10/10/2006Satisfied 02/12/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/05/2001Registered 21/05/2001Satisfied 01/02/2024
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 17/05/2001Registered 21/05/2001

CompanyRankvs 2789+ SIC 25990 peers
57

Financial strength75th percentile among SIC peers · 19/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.54× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Samuel Taylor,Limited
90
2Smith Brothers (Leicester) Limited
90
3Hospital Metalcraft Limited
90
4Carpenter & Paterson Limited
90
5Wicksteed Leisure Limited
90
6Fsg Tool & Die Limited
90
7William Smith Group 1832 Limited
90
8Arrowsmith Engineering (Coventry) Limited
90
9Destec Engineering Limited
90
10Renown Engineering Limited
90
2789Hivac Engineering Ltd
63
How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 30/09/2025

Net Worth

£359k

Balance sheet strength

Cash

£1

Cash in the bank

Net Current Assets

-£358k

Working capital

Current Assets

£414k

Current Liabilities

£771k

Fixed Assets

£1.3M

Debtors

£72k

12avg. employees

Balance Sheet

Bank loans & overdrafts£214k
Assets less current liabilities£949k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.54-£67k
20241.12+£53k
20231.06—

Derived from filed accounts. Not audited figures.