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Acorn Partitions & Storage Systems Limited

03963919

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

KINGSLEY ROAD, LINCOLN, LN6 3TA
Incorporated 04/04/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Laurence Charles Barrass

director · Since 17/03/2016

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 1 other board

Mr Stuart Marsland

director · Since 02/06/2017

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 50

Also on 1 other board

Ms Hannah Ruth Stockdale

director · Since 01/11/2017

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 2 other boards

Mr Richard Adam Mycroft

director · Since 01/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 2 other boards

Mr Stuart James Wall

director · Since 01/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 2 other boards

Persons with Significant Control

2097 Holdings Limited

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

4, Doddington Road, Lincoln, LN6 3QR

Reg: 10734827 · Companies House · Company Limited By Shares

Notified 02/06/2017

Former PSCs

Mr Darren Paul Crookes

Ceased 02/06/2017

Mrs Sarah Elizabeth Crookes

Ceased 02/06/2017

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2025Registered 26/03/2025
Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2025Registered 24/03/2025
Charge
satisfied

HANDELSBANKEN PLC

Created 14/03/2023Registered 27/03/2023Satisfied 02/02/2026
Charge
satisfied

DARREN CROOKES AND SARAH CROOKES

Created 02/06/2017Registered 06/06/2017Satisfied 23/11/2022
Charge
satisfied

AIB GROUP (UK) P.L.C.

Created 02/06/2017Registered 05/06/2017Satisfied 15/03/2023
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/11/2002Registered 13/11/2002Satisfied 13/07/2005

CompanyRankvs 189+ SIC 43999 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.79× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding 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

Going concern doubt: -10 pts

Outstanding charges: -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 31/01/2025

Turnover

£24.0M

Annual revenue

Net Worth

£7.9M

Balance sheet strength

Cash

£4.7M

Cash in the bank

Profit Before Tax

£1.8M

Bottom line earnings

Net Current Assets

£7.5M

Working capital

Current Assets

£11.7M

Current Liabilities

£4.2M

Fixed Assets

£422k

Debtors

£6.9M

Cost of Sales

£19.1M

Gross Profit

£4.8M

Admin Expenses

£3.1M

Operating Profit

£1.8M

Profit After Tax

£1.3M

48avg. employees+6

Tax at Year End

Corp tax£263k
Dividends paid£2.5M

People Costs

Wages & salaries£2.0M
NI contributions£229k

Balance Sheet

Intangible assets£15k
Assets less current liabilities£7.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.79-£1.1M
20243.43+£1.1M
20233.21+£431k
20223.13+£403k
20214.01

Derived from filed accounts. Not audited figures.