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Mec Com Limited

03954360

active
Private Limited Company
england wales
Companies House
Has been liquidated
Insolvency history
Health Score
60 / 100

Some Concerns

30/30
Filing
20/30
Financial
10/40
Risk
  • Going concern doubt noted in accounts (-10)
  • Active insolvency proceedings (-20)
  • 6 outstanding charges (-10)

Details

UNITS 15 A-C AIRFIELD INDUSTRIAL ESTATE, STAFFORD, ST18 0PF
Incorporated 22/03/2000

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/11/2025

Due 28/11/2026

On track

Industry

25990
Manufacture of other fabricated metal products
26514
Manufacture of non-electronic industrial process control equipment
27120
Manufacture of electricity distribution and control apparatus

Officers

Nicholas John Lathe

secretary · Since 20/04/2005

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 6 other boards

Mr Richard James Bunce

director · Since 20/04/2005

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 2 other boards

Mr Nicholas John Lathe

director · Since 20/04/2005

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 61

Mr Martin Bell

director · Since 07/05/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Persons with Significant Control

Mr Nicholas John Lathe

25–50% shares
25–50% votes

British · England · Age 61

Units 15 A-C, Airfield Industrial Estate, Stafford, ST18 0PF

Notified 06/04/2016

Mr Richard James Bunce

25–50% shares
25–50% votes

British · England · Age 59

Units 15 A-C, Airfield Industrial Estate, Stafford, ST18 0PF

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 19/02/2024Registered 22/02/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD · HSBC ASSET FINANCE (UK) LTD

Created 07/01/2016Registered 08/01/2016
Charge
satisfied

HSBC BANK PLC

Created 16/07/2015Registered 17/07/2015Satisfied 03/03/2026
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 06/07/2015Registered 06/07/2015
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 06/07/2015Registered 06/07/2015
Charge
outstanding

HSBC BANK PLC

Created 01/06/2015Registered 01/06/2015
Charge
outstanding

HSBC BANK PLC

Created 01/06/2015Registered 01/06/2015
charge
satisfied

BARCLAYS BANK PLC

Created 21/11/2011Registered 29/11/2011Satisfied 07/05/2016
charge
satisfied

COFACE RECEIVABLES FINANCE LIMITED

Created 30/08/2011Registered 09/09/2011Satisfied 15/03/2012
charge
satisfied

BARCLAYS BANK PLC

Created 15/08/2011Registered 19/08/2011Satisfied 02/11/2013
charge
satisfied

BARCLAYS BANK PLC

Created 06/01/2010Registered 09/01/2010Satisfied 02/11/2013
charge
satisfied

BARCLAYS BANK PLC

Created 03/08/2005Registered 10/08/2005Satisfied 01/07/2015
charge
satisfied

BARCLAYS BANK PLC

Created 30/06/2005Registered 21/07/2005Satisfied 02/11/2013
charge
satisfied

BARCLAYS BANK PLC

Created 30/06/2005Registered 21/07/2005Satisfied 02/11/2013
charge
satisfied

BARCLAYS BANK PLC

Created 28/05/2004Registered 18/06/2004Satisfied 01/07/2015
charge
satisfied

BARCLAYS BANK PLC

Created 20/05/2004Registered 27/05/2004Satisfied 01/07/2015
charge
satisfied

DAVENHAM TRUST PLC

Created 07/01/2004Registered 12/01/2004Satisfied 04/04/2007
charge
satisfied

DAVENHAM TRUST PLC

Created 07/01/2004Registered 12/01/2004Satisfied 04/04/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 13/12/2002Registered 19/12/2002Satisfied 22/06/2005
charge
satisfied

EURO SALES FINANCE PLC

Created 29/08/2000Registered 31/08/2000Satisfied 22/06/2005

Insolvency History2 cases

in administration

William John Kelly (practitioner) · James Patrick Nicholas Martin (practitioner)

corporate voluntary arrangement

William John Kelly (practitioner) · James Patrick Nicholas Martin (practitioner)

CompanyRankvs 127+ SIC 25990 peers
59

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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127Mec Com Limited
89
How is this score calculated?
Financial strength24/25 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

Insolvency history: -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

£17.4M

Annual revenue

Net Worth

£3.6M

Balance sheet strength

Cash

£453k

Cash in the bank

Profit Before Tax

£961k

Bottom line earnings

Net Current Assets

£3.5M

Working capital

Current Assets

£5.1M

Current Liabilities

£1.6M

Fixed Assets

£213k

Debtors

£852k

Cost of Sales

£13.7M

Gross Profit

£3.7M

Admin Expenses

£2.5M

Operating Profit

£1.0M

Profit After Tax

£716k

119avg. employees+8

Tax at Year End

Corp tax£215k
Dividends paid£314k

People Costs

Wages & salaries£3.9M
NI contributions£331k

Balance Sheet

Bank loans & overdrafts£202k
Assets less current liabilities£3.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.13+£403k
20232.03+£339k
20221.74+£0
20221.74+£172k
20211.60-£69k
20201.69+£182k
20191.36-£155k
20181.37—

Derived from filed accounts. Not audited figures.