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Tone Group Limited

04373617

active
Private Limited Company
england wales
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

NEXUS HOUSE, SIDCUP, DA14 5DA
Incorporated 14/02/2002

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/02/2026

Due 28/02/2027

On track

Industry

64209
Activities of other holding companies
77320
Renting and leasing of construction and civil engineering machinery and equipment

Officers

Mr Andrew Stewart Needham

director · Since 14/02/2002

SCAFFOLDING CONSULTANT

BRITISH · UNITED KINGDOM · Age 56

Also on 10 other boards

Mr Peter Michael Mcshane

director · Since 01/10/2025

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 2 other boards

Persons with Significant Control

Tone Group Trustee Limited

75–100% shares
75–100% votes

Haslers, Old Station Road, Loughton, IG10 4PL

Notified 29/10/2024

Former PSCs

Mr Andrew Stewart Needham

Ceased 29/10/2024

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 28/04/2022Registered 13/05/2022
Charge
outstanding

LLOYDS BANK PLC

Created 26/03/2019Registered 26/03/2019
Charge
outstanding

LLOYDS BANK PLC

Created 25/03/2019Registered 25/03/2019
charge
satisfied

MR ANDREW NEEDHAM

Created 10/12/2008Registered 18/12/2008Satisfied 26/03/2019
charge
satisfied

LAYHER LIMITED

Created 03/07/2008Registered 21/07/2008Satisfied 16/05/2018
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 22/06/2006Registered 05/07/2006Satisfied 04/06/2010
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 04/01/2005Registered 13/01/2005Satisfied 26/03/2019
charge
satisfied

LAYHER LIMITED

Created 02/07/2004Registered 10/07/2004Satisfied 24/06/2006

CompanyRankvs 1220+ SIC 64209 peers
69

Financial strength97th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.88× · 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 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

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

performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity'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 c

Key FinancialsYear ending 31/12/2022

Turnover

£19.3M

Annual revenue

Net Worth

£8.0M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Profit Before Tax

£2.6M

Bottom line earnings

Net Current Assets

£4.4M

Working capital

Current Assets

£6.8M

Current Liabilities

£2.4M

Fixed Assets

£5.0M

Debtors

£4.7M

Cost of Sales

£10.5M

Gross Profit

£8.8M

Admin Expenses

£6.1M

Operating Profit

£2.7M

Profit After Tax

£2.1M

118avg. employees+3

Tax at Year End

Dividends paid-£461k

People Costs

Wages & salaries£6.2M
NI contributions£749k

Balance Sheet

Intangible assets£57k
Bank loans & overdrafts£900
Assets less current liabilities£9.4M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20222.88+£1.7M
20212.94

Derived from filed accounts. Not audited figures.