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Osl Cutting Technologies Limited

04333830

active
Private Limited Company
england wales
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)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

C/O OSL CUTTING TECHNOLOGIES LTD BURGESS ROAD, SHEFFIELD, S9 3WD
Incorporated 04/12/2001

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 01/12/2025

Due 15/12/2026

On track

Industry

28240
Manufacture of power-driven hand tools
32990
Other manufacturing

Officers

Mr David Grey Mbe

director · Since 21/02/2002

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 69

Also on 15 other boards

Mr Mathew James Grey

director · Since 01/03/2013

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 6 other boards

Victoria Richardson

secretary · Since 14/01/2021

Mr Neil Berry

director · Since 25/04/2022

CHIEF FINANCE OFFICER

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Mr Ross Schofield

director · Since 24/10/2023

DIRECTOR OF OPERATIONS

BRITISH · ENGLAND · Age 43

Also on 1 other board

Persons with Significant Control

Osl Group Holdings Limited

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

C/O G&J Hall, Burgess Road, Sheffield, S9 3WD

Reg: 04507446 · Companies House · Limited Company

Notified 01/06/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 25/01/2019Registered 30/01/2019
Charge
satisfied

BARCLAYS BANK PLC

Created 04/09/2017Registered 11/09/2017Satisfied 12/11/2020
charge
satisfied

BANK OF SCOTLAND PLC

Created 02/04/2010Registered 09/04/2010Satisfied 11/12/2014
charge
satisfied

BANK OF SCOTLAND PLC

Created 02/04/2010Registered 09/04/2010Satisfied 29/09/2017
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 31/03/2010Registered 03/04/2010Satisfied 29/09/2017
charge
satisfied

BANK OF SCOTLAND PLC

Created 13/05/2009Registered 29/05/2009Satisfied 11/12/2014
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2006Registered 26/08/2006Satisfied 11/12/2014
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2006Registered 26/08/2006Satisfied 05/09/2007
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2006Registered 26/08/2006Satisfied 14/01/2015
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2006Registered 26/08/2006Satisfied 11/12/2014
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2006Registered 26/08/2006Satisfied 11/12/2014
charge
satisfied

BARCLAYS BANK PLC

Created 03/01/2006Registered 04/01/2006Satisfied 02/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 03/01/2006Registered 04/01/2006Satisfied 02/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 03/01/2006Registered 04/01/2006Satisfied 02/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 25/11/2005Registered 02/12/2005Satisfied 02/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 31/03/2004Registered 14/04/2004Satisfied 04/01/2007
charge
satisfied

UNITED INDUSTRIES PLC (THE "SECURITY TRUSTEE")

Created 18/01/2002Registered 31/01/2002Satisfied 08/05/2004
charge
satisfied

THE CO-OPERATIVE BANK P.L.C.

Created 18/01/2002Registered 28/01/2002Satisfied 08/05/2004

CompanyRankvs 105+ SIC 28240 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.36× · 12/20
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.

Liquidity12/20 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 concern are d

Key FinancialsYear ending 31/12/2023

Net Worth

£3.7M

Balance sheet strength

Cash

£457k

Cash in the bank

Profit Before Tax

-£84k

Bottom line earnings

Net Current Assets

£2.0M

Working capital

Current Assets

£7.6M

Current Liabilities

£5.6M

Fixed Assets

£2.9M

Debtors

£3.3M

Cost of Sales

£12.0M

Admin Expenses

£4.0M

Profit After Tax

-£135k

97avg. employees-11

Tax at Year End

Dividends paid£400k

People Costs

Wages & salaries£3.2M

Balance Sheet

Intangible assets£0
Assets less current liabilities£4.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.36-£535k
20221.63

Derived from filed accounts. Not audited figures.