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Proact Engineering Limited

04061817

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

GARDEN VALE MILL, COLNE, BB8 9PD
Incorporated 30/08/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Andrew Frank Milford

director · Since 01/04/2019

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 2 other boards

Persons with Significant Control

Mr Andrew Frank Milford

25–50% shares
25–50% votes

British · England · Age 46

Garden Vale Mill, Greenfield Road, Colne, BB8 9PD

Notified 01/04/2019

Proact Manufacturing Ltd

25–50% shares

Garden Vale Mill, Greenfield Road, Colne, BB8 9PD

Notified 31/05/2021

Former PSCs

Mr Anthony Connor

Ceased 31/05/2021

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 25/02/2020Registered 03/03/2020
charge
satisfied

SKIPTON BUSINESS FINANCE LIMITED

Created 11/05/2009Registered 14/05/2009Satisfied 09/06/2016

CompanyRankvs 4768+ SIC 25990 peers
37

Financial strength4th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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4768Proact Engineering Limited
43
How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 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 31/03/2025

Net Worth

-£49k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£39k

Working capital

Current Assets

£236k

Current Liabilities

£275k

Fixed Assets

£26k

6avg. employees

Balance Sheet

Assets less current liabilities-£13k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.86-£20k
20240.91—
20231.07—
20221.14-£8k
20211.39—

Derived from filed accounts. Not audited figures.