Filon Products Limited
04507961
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/07/2015
SALES DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 4 other boards
director · Since 12/01/2022
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 1 other board
director · Since 12/01/2022
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 44
Also on 2 other boards
Persons with Significant Control
Filon Grp Limited
Unit 3, Ring Road, Burntwood, WS7 3JQ
Reg: 09640271 · Limited Company Registered In England And Wales · Limited Company
Notified 06/04/2016
Mr. Mark Andrew Wilcox
British · England · Age 55
Unit 3 Ring Road Zone 2, Burntwood, WS7 3JQ
Notified 06/04/2016
Mr Craig Brian Bainbridge
British · England · Age 55
Unit 3 Ring Road Zone 2, Burntwood, WS7 3JQ
Notified 12/01/2022
Former PSCs
Ms Helen Julie Ann Cox
Ceased 17/09/2020
Mr Stephen Robert Vickers
Ceased 12/01/2022
Charges6 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)
HSBC BANK PLC
CompanyRankvs 24+ SIC 22290 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 co
Key FinancialsYear ending 31/12/2024
Turnover
£15.4M
Annual revenue
Net Worth
£12.8M
Balance sheet strength
Cash
£1.5M
Cash in the bank
Profit Before Tax
£1.2M
Bottom line earnings
Net Current Assets
£8.4M
Working capital
Current Assets
£13.3M
Current Liabilities
£4.9M
Fixed Assets
£4.8M
Debtors
£10.4M
Operating Profit
£1.2M
Profit After Tax
£887k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.72 | +£787k |
| 2023 | 2.56 | +£1.3M |
| 2022 | 2.22 | +£1.6M |
| 2021 | 2.04 | — |
Derived from filed accounts. Not audited figures.