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Rig Equipment Limited

04411407

active
Private Limited Company
england wales
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

9 HALAS ESTATE, HALESOWEN, B62 8EB
Incorporated 08/04/2002

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 15/04/2026

Due 29/04/2027

On track

Industry

14120
Manufacture of workwear

Officers

Mrs Elaine Patricia Formosa

director · Since 08/04/2002

BUSINESSWOMAN

BRITISH · UNITED KINGDOM · Age 64

Mr Raymond Joseph Formosa

director · Since 08/04/2002

BUSINESSMAN

MALTESE · UNITED KINGDOM · Age 66

Miss Claire Thomas

director · Since 23/06/2025

DIRECTOR

BRITISH · ENGLAND · Age 46

Persons with Significant Control

Mr Raymond Joseph Formosa

25–50% shares
25–50% votes
Appoint directors

Maltese · United Kingdom · Age 66

9 Halas Estate, Forge Lane, Halesowen, B62 8EB

Notified 01/04/2017

Mrs Elaine Formosa

25–50% shares

British · England · Age 64

9 Halas Estate, Forge Lane, Halesowen, B62 8EB

Notified 01/04/2018

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 05/11/2020Registered 17/11/2020
charge
satisfied

LLOYDS TSB BANK PLC

Created 03/04/2012Registered 11/04/2012Satisfied 12/05/2020

CompanyRankvs 28+ SIC 14120 peers
76

Financial strength88th percentile among SIC peers · 22/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.31× · 20/20
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 strength22/25 pts

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

Employees14/15 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 31/12/2024

Net Worth

£515k

Balance sheet strength

Cash

£44k

Cash in the bank

Net Current Assets

£518k

Working capital

Current Assets

£674k

Current Liabilities

£157k

Fixed Assets

£73k

Debtors

£153k

14avg. employees

Balance Sheet

Assets less current liabilities£591k
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.31+£2k
20236.88-£8k
20226.12+£76k
20215.37+£60k
20206.04+£2k
20193.51-£24k
20183.53—

Derived from filed accounts. Not audited figures.