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Aqualution Systems Ltd

04100816

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

8 LINNET COURT, ALNWICK, NE66 2GD
Incorporated 02/11/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mr Richard William Joyce

director · Since 02/02/2009

COMPANY CHAIRMAN

BRITISH · ENGLAND · Age 70

Also on 4 other boards

Mr Nicholas St John Meakin

director · Since 10/09/2009

GENERAL MANAGER

BRITISH · ENGLAND · Age 66

Also on 9 other boards

Persons with Significant Control

Mr Richard William Joyce

25–50% shares

British · England · Age 70

Swinley Court, Prince Albert Drive, Ascot, SL5 8AQ

Notified 06/04/2016

Mr Arnold Joseph Hill

25–50% shares

South African · South Africa · Age 72

6 Pioneer Court, Vision Court, Cambridge, CB24 9PT

Notified 06/04/2016

Mr Nicholas St John Meakin

25–50% shares

British · England · Age 66

Runcton House, Loraine Way, Ipswich, IP8 4JA

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

SCOTTISH ENTERPRISE

Created 08/05/2019Registered 13/05/2019
charge
satisfied

JABIL CIRCUIT UK LIMITED

Created 06/02/2013Registered 15/02/2013Satisfied 04/08/2017

CompanyRankvs 1631+ SIC 28990 peers
35

Financial strength2th percentile among SIC peers · 1/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.45× · 2/20
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 strength1/25 pts

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

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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 31/08/2024

Net Worth

-£665k

Balance sheet strength

Cash

£102k

Cash in the bank

Net Current Assets

-£485k

Working capital

Current Assets

£393k

Current Liabilities

£878k

Fixed Assets

£693k

Debtors

£178k

14avg. employees+2

Balance Sheet

Intangible assets£571k
Assets less current liabilities£208k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.45-£88k
20230.62-£161k
20220.72-£201k
20211.27—

Derived from filed accounts. Not audited figures.