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Concept Equipment Limited

03683206

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

17 PEVENSEY ROAD, WORTHING, BN11 5NP
Incorporated 14/12/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mr Raymond Terry Bashford

director · Since 28/11/2001

DIRECTOR

BRITISH · ENGLAND · Age 59

Mrs Fiona Deborah Bashford

director · Since 27/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Raymond Terry Bashford

50–75% shares

British · England · Age 59

Unit D1, Dominion Way, Littlehampton, BN16 3HQ

Notified 06/04/2016

Mrs Fiona Deborah Bashford

25–50% shares
25–50% votes

British · England · Age 48

17, Pevensey Road, Worthing, BN11 5NP

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

MIDLAND BANK PLC

Created 11/02/1999Registered 20/02/1999Satisfied 17/06/2020

CompanyRankvs 283+ SIC 28990 peers
71

Financial strength81th percentile among SIC peers · 20/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 17.75× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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283Concept Equipment Limited
81
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.

Employees11/15 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements. true 1.3 Turnover Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the g

Key FinancialsYear ending 31/12/2024

Net Worth

£812k

Balance sheet strength

Cash

£276k

Cash in the bank

Net Current Assets

£778k

Working capital

Current Assets

£825k

Current Liabilities

£46k

Fixed Assets

£39k

Debtors

£181k

7avg. employees-1

Balance Sheet

Intangible assets£2k
Assets less current liabilities£817k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
202417.75-£110k
20235.09+£97k
20222.93+£49k
20213.23—

Derived from filed accounts. Not audited figures.