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Abracs Limited

03721755

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)
  • 1 outstanding charge (-2)

Details

C/O REMA TIP TOP HOLDINGS, WESTLAND SQUARE, LEEDS, LEEDS, LS11 5XS
Incorporated 26/02/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46140
Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Officers

Mr Robert Christopher Jeffery

director · Since 05/04/2013

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 4 other boards

Victoria Rayment

secretary · Since 23/01/2023

Mark Brian Insley

director · Since 23/01/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 32 other boards

Persons with Significant Control

Rema Tip Top Holdings Ltd

75–100% shares
75–100% votes

Rema Tip Top Holdings, Westland Square, Leeds, LS11 5XS

Reg: 06750854 · Companies House · Private Limited Company

Notified 06/04/2016

Former PSCs

Mr Robert Christopher Jeffery

Ceased 06/08/2021

Charges1 outstanding

Charge
satisfied

RBS INVOICE FINANCE LTD

Created 02/08/2021Registered 03/08/2021Satisfied 29/10/2024
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 03/08/2015Registered 14/08/2015Satisfied 19/01/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/08/2015Registered 14/08/2015
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 03/08/2015Registered 14/08/2015Satisfied 19/01/2023
Charge
satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)

Created 02/01/2014Registered 04/01/2014Satisfied 24/08/2015
charge
satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)

Created 05/04/2013Registered 09/04/2013Satisfied 24/08/2015
charge
satisfied

HSBC BANK PLC

Created 11/07/2012Registered 17/07/2012Satisfied 15/05/2013
charge
satisfied

HSBC INVOICE FINANCE (UK) LIMITED

Created 18/02/2003Registered 19/02/2003Satisfied 15/05/2013
charge
satisfied

HSBC BANK PLC

Created 07/01/2003Registered 10/01/2003Satisfied 21/05/2013

CompanyRankvs 14+ SIC 46140 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.18× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2021

Net Worth

£8.2M

Balance sheet strength

Cash

£286k

Cash in the bank

Net Current Assets

£8.1M

Working capital

Current Assets

£10.7M

Current Liabilities

£2.6M

Fixed Assets

£78k

Debtors

£7.6M

35avg. employees+2

Tax at Year End(2016)

Corp tax£158k

Balance Sheet

Assets less current liabilities£8.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20214.18+£1.5M
20207.00+£1.3M
20197.73+£1.0M
20186.53+£1.0M
20166.12

Derived from filed accounts. Not audited figures.