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European Thermodynamics Limited

04345086

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

40 CENTENARY BUSINESS CENTRE, NUNEATON, CV11 6RY
Incorporated 24/12/2001

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 04/03/2026

Due 18/03/2027

On track

Industry

46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Mr Kevin Simpson

director · Since 22/02/2002

ENGINEER

BRITISH · ENGLAND · Age 53

Also on 2 other boards

Mr Nicholas Rex Porter

director · Since 20/06/2002

ENGINEER

BRITISH · ENGLAND · Age 62

Also on 2 other boards

Mr Philip Stirley

secretary · Since 13/12/2002

ACCOUNTANT

BRITISH · ENGLAND · Age 66

Also on 6 other boards

Persons with Significant Control

Mr Kevin Simpson

25–50% shares

British · England · Age 53

40, Centenary Business Centre, Nuneaton, CV11 6RY

Notified 22/12/2016

Mr Nicholas Rex Porter

25–50% shares

British · United Kingdom · Age 62

40, Centenary Business Centre, Nuneaton, CV11 6RY

Notified 01/02/2025

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 13/03/2025Registered 13/03/2025
Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 20/05/2020Registered 27/05/2020
Charge
outstanding

SANTANDER UK PLC

Created 12/02/2015Registered 13/02/2015

CompanyRankvs 45+ SIC 46520 peers
79

Financial strength96th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.15× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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45European Thermodynamics 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2025

Net Worth

£1.8M

Balance sheet strength

Cash

£754k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.5M

Current Liabilities

£802k

Fixed Assets

£187k

Debtors

£930k

26avg. employees

Balance Sheet

Bank loans & overdrafts£80k
Assets less current liabilities£1.9M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20253.15+£157k
20245.11-£62k
20234.62—

Derived from filed accounts. Not audited figures.